Cascades Inc (TSE:CAS) PT Lowered to C$16.00 at Royal Bank Of Canada

Cascades Inc (TSE:CAS) had its price objective cut by equities research analysts at Royal Bank Of Canada from C$17.00 to C$16.00 in a research report issued to clients and investors on Friday. The brokerage currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target points to a potential upside of 9.22% from the stock’s current price.

Several other research firms also recently weighed in on CAS. Desjardins dropped their price target on Cascades from C$17.50 to C$16.00 in a research note on Friday. National Bank Financial upgraded Cascades from a “sector perform” rating to an “outperform” rating in a research note on Thursday, May 11th. Scotiabank restated a “sector perform” rating and issued a C$17.00 price target on shares of Cascades in a research note on Monday, July 24th. TD Securities downgraded Cascades from a “buy” rating to a “hold” rating and set a C$18.00 price target for the company. in a research note on Thursday, May 11th. Finally, Ci Capital upped their price target on Cascades from C$17.00 to C$19.00 in a research note on Tuesday, July 4th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of C$16.63.

Shares of Cascades (TSE:CAS) traded down 1.91% during mid-day trading on Friday, hitting $14.37. 84,469 shares of the stock traded hands. The company has a market capitalization of $1.36 billion and a PE ratio of 6.30. Cascades has a 1-year low of $8.88 and a 1-year high of $18.20. The company’s 50-day moving average price is $16.66 and its 200 day moving average price is $15.10.

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About Cascades

Cascades Inc, together with its subsidiaries, produces, converts, and markets packaging and tissue products in Canada, the United States, and Europe. The company operates through four segments: Containerboard, Boxboard Europe, Specialty Products, and Tissue Papers. It manufactures coated recycled and virgin boxboards, and containerboards, as well as converts corrugated products.

Analyst Recommendations for Cascades (TSE:CAS)

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