Cascades (CAS) Receives “Sector Perform” Rating from Scotiabank
Cascades (TSE:CAS)‘s stock had its “sector perform” rating reissued by research analysts at Scotiabank in a research note issued on Tuesday. They presently have a C$18.00 price objective on the stock. Scotiabank’s target price indicates a potential upside of 42.29% from the stock’s previous close.
Several other equities research analysts also recently issued reports on CAS. TD Securities decreased their price objective on shares of Cascades from C$18.00 to C$17.00 and set a “hold” rating for the company in a research note on Friday, August 11th. Royal Bank Of Canada reduced their target price on shares of Cascades from C$17.00 to C$16.00 and set a “sector perform” rating on the stock in a research report on Friday, August 11th. Desjardins reduced their target price on shares of Cascades from C$17.50 to C$16.00 in a research report on Friday, August 11th. National Bank Financial boosted their target price on shares of Cascades from C$19.00 to C$21.00 and gave the stock an “outperform” rating in a research report on Friday, October 13th. Finally, CIBC reduced their target price on shares of Cascades from C$18.00 to C$14.00 in a research report on Monday, November 13th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of C$16.71.
Cascades (CAS) remained flat at $C$12.65 on Tuesday. The company had a trading volume of 177,970 shares, compared to its average volume of 238,901. Cascades has a fifty-two week low of C$11.12 and a fifty-two week high of C$18.20.
Cascades Inc (Cascades) is a Canada-based company that produces, converts and markets packaging and tissue products consisting of recycled fibers. The Company operates through four segments: Containerboard, Boxboard Europe, Specialty Products (which constitutes the Company’s Packaging Products) and Tissue Papers.
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