Cascades Inc (CAS) Receives Consensus Recommendation of “Buy” from Brokerages
Shares of Cascades Inc (TSE:CAS) have received an average rating of “Buy” from the seven ratings firms that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$17.21.
CAS has been the topic of a number of recent analyst reports. Scotiabank boosted their price target on Cascades from C$16.75 to C$18.00 and gave the stock a “sector perform” rating in a research report on Friday, November 10th. Desjardins downgraded shares of Cascades from a “buy” rating to a “hold” rating and lowered their price target for the stock from C$18.00 to C$15.00 in a research note on Monday, November 13th. TD Securities lowered their price objective on shares of Cascades from C$18.00 to C$16.50 and set a “hold” rating for the company in a research note on Friday, November 10th. CIBC downgraded shares of Cascades from an “outperform” rating to a “neutral” rating in a research note on Monday, September 25th. Finally, National Bank Financial decreased 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.
Shares of Cascades (TSE CAS) traded down C$0.18 during midday trading on Tuesday, hitting C$13.62. The stock had a trading volume of 118,877 shares, compared to its average volume of 242,173. The stock has a market capitalization of $1,290.00 and a P/E ratio of 2.93. Cascades has a twelve month low of C$11.44 and a twelve month high of C$18.20.
ILLEGAL ACTIVITY NOTICE: “Cascades Inc (CAS) Receives Consensus Recommendation of “Buy” from Brokerages” was reported by American Banking News and is owned by of American Banking News. If you are reading this story on another publication, it was illegally stolen and reposted in violation of international copyright and trademark law. The correct version of this story can be viewed at https://www.americanbankingnews.com/2018/01/02/cascades-inc-cas-receives-consensus-recommendation-of-buy-from-brokerages.html.
Cascades Company Profile
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.
Receive News & Ratings for Cascades Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cascades and related companies with MarketBeat.com's FREE daily email newsletter.