Cascades Inc (CAS) Price Target Raised to C$14.00 at Royal Bank Of Canada
Cascades Inc (TSE:CAS) had its price target increased by equities researchers at Royal Bank Of Canada from C$12.00 to C$14.00 in a report released on Thursday. Royal Bank Of Canada’s target price suggests a potential upside of 14.47% from the stock’s current price.
CAS has been the subject of several other research reports. TD Securities increased their price objective on shares of Cascades from C$11.50 to C$12.50 and gave the company a “buy” rating in a research report on Monday, August 8th. CIBC upgraded shares of Cascades from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the company from C$8.00 to C$12.00 in a research report on Monday, August 29th. Scotiabank increased their price objective on shares of Cascades from C$12.75 to C$14.75 and gave the company an “outperform” rating in a research report on Wednesday, September 28th. Desjardins upgraded shares of Cascades from a “hold” rating to a “buy” rating and set a C$15.00 target price for the company in a report on Monday, September 26th. Finally, National Bank Financial upgraded shares of Cascades from a “sector perform” rating to an “outperform” rating in a report on Monday, July 11th. Six equities research analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and an average price target of C$13.78.
Cascades (TSE:CAS) traded up 0.82% during midday trading on Thursday, reaching $12.33. 45,172 shares of the company traded hands. Cascades has a one year low of $7.72 and a one year high of $13.65. The stock has a market capitalization of $1.16 billion and a P/E ratio of 20.86. The company has a 50 day moving average price of $11.31 and a 200-day moving average price of $9.77.
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.
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