Cascades Inc (TSE:CAS) had its target price raised by Scotiabank from C$12.75 to C$14.75 in a research note issued to investors on Wednesday morning. They currently have an outperform rating on the stock.
Several other research firms also recently issued reports on CAS. Desjardins upgraded Cascades from a hold rating to a buy rating and set a C$15.00 target price on the stock in a research report on Monday, September 26th. RBC Capital Markets increased their target price on Cascades from C$11.00 to C$15.00 in a research report on Friday, September 23rd. Royal Bank Of Canada increased their target price on Cascades from C$11.00 to C$15.00 and gave the stock an outperform rating in a research report on Friday, September 23rd. Dundee Securities upped their price target on shares of Cascades from C$13.00 to C$15.00 in a report on Monday, September 19th. Finally, TD Securities upped their price target on shares of Cascades from C$12.50 to C$13.50 and gave the stock a buy rating in a report on Tuesday, September 6th. Six equities research analysts have rated the stock with a buy rating, The company presently has an average rating of Buy and an average price target of C$13.91.
Cascades (TSE:CAS) opened at 12.83 on Wednesday. Cascades has a one year low of $7.72 and a one year high of $13.65. The firm has a market capitalization of $1.21 billion and a P/E ratio of 21.71. The firm’s 50-day moving average price is $11.00 and its 200 day moving average price is $9.67.
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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