Cascades (CAS) Shares Down 1.6%
Shares of Cascades Inc (TSE:CAS) traded down 1.6% during mid-day trading on Thursday . The company traded as low as C$14.37 and last traded at C$14.38. 183,383 shares traded hands during mid-day trading, a decline of 23% from the average session volume of 237,764 shares. The stock had previously closed at C$14.62.
A number of analysts have issued reports on the stock. Desjardins upgraded shares of Cascades from a “hold” rating to a “buy” rating and lifted their price target for the company from C$15.00 to C$15.50 in a report on Wednesday, December 6th. National Bank Financial lifted their price target on shares of Cascades from C$19.00 to C$21.00 and gave the company an “outperform” rating in a report on Friday, October 13th. CIBC downgraded shares of Cascades from an “outperform” rating to a “neutral” rating in a report on Monday, September 25th. TD Securities reduced their price target on shares of Cascades from C$18.00 to C$16.50 and set a “hold” rating on the stock in a report on Friday, November 10th. Finally, Scotiabank reiterated a “sector perform” rating and issued a C$18.00 price target on shares of Cascades in a report on Tuesday, December 5th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of C$17.21.
The company has a market capitalization of $1,390.00 and a price-to-earnings ratio of 3.09.
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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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