Cascades (TSE:CAS) Price Target Raised to C$14.00

Cascades (TSE:CAS) had its price objective upped by analysts at TD Securities from C$12.00 to C$14.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price objective points to a potential upside of 17.85% from the company’s previous close.

A number of other research analysts also recently issued reports on the stock. Royal Bank Of Canada boosted their price target on shares of Cascades from C$13.00 to C$14.00 and gave the stock an “outperform” rating in a research report on Friday. Desjardins lifted their target price on shares of Cascades from C$10.50 to C$13.50 and gave the stock a “hold” rating in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Cascades presently has a consensus rating of “Moderate Buy” and a consensus price target of C$13.00.

Cascades Trading Up 1.8%

Shares of CAS stock traded up C$0.21 on Friday, hitting C$11.88. The company had a trading volume of 262,524 shares, compared to its average volume of 225,997. Cascades has a twelve month low of C$8.30 and a twelve month high of C$13.42. The company has a debt-to-equity ratio of 121.37, a quick ratio of 0.86 and a current ratio of 1.22. The firm has a market cap of C$1.20 billion, a P/E ratio of -148.50, a P/E/G ratio of 0.56 and a beta of 0.87. The stock’s 50-day moving average is C$10.17 and its two-hundred day moving average is C$9.51.

Cascades Company Profile

Cascades Inc, along with its subsidiaries, produces, converts and markets packaging and tissue products composed mainly of recycled fibres. The company is organized into four main business segments: Containerboard, Boxboard Europe, Specialty Products (which constitutes packaging products), and Tissue Papers.