Cascades (CAS) Upgraded to “Buy” by Desjardins
Cascades (TSE:CAS) was upgraded by equities research analysts at Desjardins from a “hold” rating to a “buy” rating in a report issued on Wednesday. The firm currently has a C$15.50 price objective on the stock, up from their previous price objective of C$15.00. Desjardins’ price objective would indicate a potential upside of 20.62% from the stock’s previous close.
Several other brokerages have also recently weighed in on CAS. National Bank Financial dropped their price target on shares of Cascades from C$21.00 to C$18.50 and set an “outperform” rating on the stock in a research report on Friday, November 10th. CIBC dropped their price target on shares of Cascades from C$18.00 to C$14.00 in a research report on Monday, November 13th. Scotiabank raised their price target on shares of Cascades from C$16.75 to C$18.00 and gave the company a “sector perform” rating in a research report on Friday, November 10th. TD Securities dropped their target price on shares of Cascades from C$18.00 to C$16.50 and set a “hold” rating on the stock in a research report on Friday, November 10th. Finally, Royal Bank Of Canada dropped 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. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Cascades currently has an average rating of “Hold” and a consensus price target of C$16.79.
Shares of Cascades (TSE CAS) traded up C$0.20 on Wednesday, hitting C$12.85. The stock had a trading volume of 258,759 shares, compared to its average volume of 238,986. Cascades has a 12 month low of C$11.12 and a 12 month high of C$18.20.
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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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