Analysts Set Cascades Inc (TSE:CAS) Price Target at $14.46
Cascades Inc (TSE:CAS) has earned an average recommendation of “Buy” from the eight ratings firms that are covering the stock. Four research analysts have rated the stock with a buy recommendation. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$14.46.
Several equities analysts recently commented on the company. National Bank Financial upgraded Cascades from a “sector perform” rating to an “outperform” rating in a research note on Monday, July 11th. Royal Bank Of Canada upped their target price on Cascades from C$11.00 to C$15.00 and gave the company an “outperform” rating in a research note on Friday, September 23rd. CIBC restated an “outperform” rating and set a C$14.00 price target (up from C$12.00) on shares of Cascades in a research note on Thursday. TD Securities upped their price target on Cascades from C$11.50 to C$12.50 and gave the stock a “buy” rating in a research note on Monday, August 8th. Finally, Desjardins upgraded Cascades from a “hold” rating to a “buy” rating and set a C$15.00 price target for the company in a research note on Monday, September 26th.
Shares of Cascades (TSE:CAS) opened at 12.78 on Friday. Cascades has a 12 month low of $7.72 and a 12 month high of $13.65. The firm has a market cap of $1.21 billion and a price-to-earnings ratio of 21.62. The stock’s 50 day moving average price is $11.51 and its 200 day moving average price is $9.81.
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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