Cascades Inc (CAS) Downgraded by CIBC to Neutral
Cascades Inc (TSE:CAS) was downgraded by investment analysts at CIBC from an “outperform” rating to a “neutral” rating in a note issued to investors on Monday.
Several other research firms have also recently issued reports on CAS. Ci Capital lifted their price objective on Cascades from C$17.00 to C$19.00 in a report on Tuesday, July 4th. Scotiabank reiterated a “sector perform” rating and issued a C$17.00 price objective on shares of Cascades in a report on Monday, July 24th. Desjardins lowered their price objective on Cascades from C$17.50 to C$16.00 in a report on Thursday, August 17th. TD Securities lowered their price objective on Cascades from C$18.00 to C$17.00 and set a “hold” rating on the stock in a report on Thursday, August 17th. Finally, Royal Bank Of Canada lowered their price objective on Cascades from C$17.00 to C$16.00 and set a “sector perform” rating on the stock in a report on Thursday, August 17th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Cascades presently has an average rating of “Hold” and a consensus target price of C$16.86.
Cascades (CAS) traded down 9.23% during midday trading on Monday, hitting $14.75. The company had a trading volume of 409,380 shares. Cascades has a 1-year low of $10.95 and a 1-year high of $18.20. The firm has a market capitalization of $1.40 billion and a P/E ratio of 2.82. The company has a 50 day moving average price of $14.81 and a 200 day moving average price of $15.47.
TRADEMARK VIOLATION WARNING: “Cascades Inc (CAS) Downgraded by CIBC to Neutral” was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this article on another domain, it was stolen and republished in violation of US & international copyright law. The correct version of this article can be viewed at https://www.thecerbatgem.com/2017/09/25/cascades-inc-cas-downgraded-by-cibc-to-neutral.html.
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.