Cascades Inc. (OTCMKTS:CADNF – Get Free Report)’s share price shot up 3.3% during trading on Friday . The company traded as high as $7.75 and last traded at $7.75. 25,265 shares were traded during trading, an increase of 8% from the average session volume of 23,463 shares. The stock had previously closed at $7.5005.
Wall Street Analyst Weigh In
Separately, Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Cascades in a report on Monday, May 11th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Cascades has a consensus rating of “Moderate Buy”.
View Our Latest Stock Analysis on CADNF
Cascades Trading Up 3.3%
Cascades Company Profile
Cascades Inc is a Canadian leader in the production, conversion and marketing of packaging and tissue products composed mainly of recycled fibres. Headquartered in Kingsey Falls, Quebec, the company operates a network of manufacturing facilities across North America and Europe. Since its founding in 1964, Cascades has focused on sustainable solutions that meet the needs of consumer goods companies, retailers and foodservice businesses.
The company’s operations are organized into three primary segments: packaging specialties, tissue papers and recovery and recycling.
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