Cascades Inc (CAS) PT Lowered to C$18.50
Cascades Inc (TSE:CAS) had its price target reduced by equities researchers at National Bank Financial from C$21.00 to C$18.50 in a research note issued to investors on Friday. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price objective points to a potential upside of 39.94% from the stock’s previous close.
Other research analysts have also recently issued research reports about the company. Desjardins reduced their price objective on Cascades from C$17.50 to C$16.00 in a research note on Friday, August 11th. TD Securities reduced their price objective on Cascades from C$18.00 to C$17.00 and set a “hold” rating on the stock in a research note on Friday, August 11th. CIBC cut Cascades from an “outperform” rating to a “neutral” rating in a research note on Monday, September 25th. Royal Bank of Canada cut their price target on Cascades from C$17.00 to C$16.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 17th. Finally, Scotiabank set a C$17.00 price target on Cascades and gave the stock a “sector perform” rating in a research note on Friday, August 11th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Cascades presently has a consensus rating of “Hold” and an average target price of C$17.29.
Cascades (TSE CAS) opened at C$13.22 on Friday. Cascades has a one year low of C$10.95 and a one year high of C$18.20.
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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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