CIBC reiterated their outperform rating on shares of Cascades Inc (TSE:CAS) in a report issued on Thursday. CIBC currently has a C$14.00 price target on the stock, up from their prior price target of C$12.00.
Other analysts have also recently issued reports about the stock. National Bank Financial raised shares of Cascades from a sector perform rating to an outperform rating in a research note on Monday, July 11th. Royal Bank Of Canada boosted their price objective on shares of Cascades from C$11.00 to C$15.00 and gave the company an outperform rating in a research note on Friday, September 23rd. TD Securities boosted their price objective on shares of Cascades from C$11.50 to C$12.50 and gave the company a buy rating in a research note on Monday, August 8th. Desjardins raised shares of Cascades from a hold rating to a buy rating and set a C$15.00 price objective for the company in a research note on Monday, September 26th. Finally, Dundee Securities boosted their price objective on shares of Cascades from C$13.00 to C$15.00 in a research note on Monday, September 19th. Six equities research analysts have rated the stock with a buy rating, The stock currently has an average rating of Buy and a consensus price target of C$14.03.
Shares of Cascades (TSE:CAS) opened at 12.78 on Thursday. The firm has a 50-day moving average price of $11.58 and a 200-day moving average price of $9.84. The firm has a market capitalization of $1.21 billion and a PE ratio of 21.62. Cascades has a 1-year low of $7.72 and a 1-year high of $13.65.
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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