Cascades (OTCMKTS:CADNF) Stock Price Down 2% – Time to Sell?

Cascades Inc. (OTCMKTS:CADNF) was down 2% during trading on Monday. The company traded as low as $12.45 and last traded at $12.45. 9,422 shares were traded during trading, a decline of 79% from the average daily volume of 45,605 shares. The stock had previously closed at $12.70.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Royal Bank Of Canada restated an “outperform” rating on shares of Cascades in a research report on Monday, August 10th. Scotiabank restated an “outperform” rating on shares of Cascades in a research report on Friday, August 14th. TD Securities reissued a “buy” rating on shares of Cascades in a report on Tuesday, August 4th. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Cascades in a research report on Monday. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Cascades presently has an average rating of “Moderate Buy”.

Cascades Stock Down 2.0%

The company has a 50 day moving average price of $12.43 and a 200 day moving average price of $9.67.

Cascades Company Profile

Cascades Inc is a Canadian company that develops, manufactures and converts packaging and tissue products primarily from recycled, renewable and responsibly managed fibers. Its operations support customers in the consumer goods, food, industrial, commercial and institutional markets.

The company’s product portfolio includes corrugated packaging, specialty and consumer packaging, containerboard, recycled boxboard, tissue papers, hand towels, bathroom tissue and related hygiene products.