Cascades Inc (OTCMKTS:CADNF) Receives Consensus Rating of “Hold” from Analysts

Shares of Cascades Inc (OTCMKTS:CADNF) have received a consensus rating of “Hold” from the seven analysts that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $15.25.

Several equities research analysts recently commented on CADNF shares. TD Securities boosted their price objective on shares of Cascades from $16.50 to $18.00 and gave the company a “hold” rating in a research report on Friday, August 7th. Scotiabank boosted their price target on shares of Cascades from $13.50 to $14.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 9th. CIBC boosted their price target on shares of Cascades from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, July 6th. reissued a “sell” rating on shares of Cascades in a research report on Tuesday, June 9th. Finally, Royal Bank of Canada cut shares of Cascades from a “sector perform” rating to an “underperform” rating and set a $13.00 price target on the stock. in a research report on Wednesday, July 22nd.

CADNF opened at $10.87 on Thursday. Cascades has a 12 month low of $7.27 and a 12 month high of $12.03. The firm’s fifty day simple moving average is $11.13 and its 200 day simple moving average is $10.16.

Cascades Company Profile

Cascades Inc produces, converts, and markets packaging and tissue products in Canada, the United States, and internationally. The company operates through four segments: Containerboard, Boxboard Europe, Specialty Products, and Tissue Papers. It offers containerboards, and coated recycled and virgin boxboards, as well as converts corrugated products.

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Analyst Recommendations for Cascades (OTCMKTS:CADNF)

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