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.

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About Cascades

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.

Analyst Recommendations for Cascades (TSE:CAS)

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