Cascades Inc (CAS) Receives Outperform Rating from CIBC
CIBC reissued their outperform rating on shares of Cascades Inc (TSE:CAS) in a report published on Thursday. CIBC currently has a C$14.00 price target on the stock, up from their previous price target of C$12.00.
CAS has been the topic of several other research reports. Desjardins reaffirmed a hold rating on shares of Cascades in a report on Friday, September 16th. TD Securities upped their price objective on shares of Cascades from C$12.50 to C$13.50 and gave the company a buy rating in a research note on Tuesday, September 6th. Scotiabank upped 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 note on Wednesday, September 28th. RBC Capital Markets upped their price objective on shares of Cascades from C$11.00 to C$15.00 in a research note on Friday, September 23rd. Finally, Royal Bank Of Canada reissued a sector underperform rating and set a C$8.00 price objective on shares of Cascades in a research note on Monday, August 22nd. Six research analysts have rated the stock with a buy rating, The stock currently has an average rating of Buy and an average price target of C$14.03.
Shares of Cascades (TSE:CAS) traded up 3.86% during trading on Thursday, reaching $12.64. 79,762 shares of the company’s stock traded hands. The stock has a 50-day moving average of $11.40 and a 200-day moving average of $9.78. Cascades has a 1-year low of $7.72 and a 1-year high of $13.65. The company has a market capitalization of $1.19 billion and a price-to-earnings ratio of 21.39.
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 & Stock Ratings for Cascades Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cascades Inc and related stocks with our FREE daily email newsletter.