Cascades Inc (CAS) Price Target Raised to C$14.00 at Royal Bank Of Canada
Cascades Inc (TSE:CAS) had its price target increased by equities research analysts at Royal Bank Of Canada from C$12.00 to C$14.00 in a report issued on Thursday, StockTargetPrices.com reports. Royal Bank Of Canada’s target price indicates a potential upside of 14.47% from the stock’s current price.
Other equities research analysts have also issued research reports about the stock. National Bank Financial raised shares of Cascades from a “sector perform” rating to an “outperform” rating in a report on Monday, July 11th. 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 report on Monday, September 26th. Dundee Securities upped their price objective on shares of Cascades from C$13.00 to C$15.00 in a report on Monday, September 19th. TD Securities upped their price objective on shares of Cascades from C$11.50 to C$12.50 and gave the company a “buy” rating in a report on Monday, August 8th. Finally, Scotiabank reissued an “outperform” rating and issued a C$12.50 price objective on shares of Cascades in a report on Monday, August 8th. Six analysts have rated the stock with a buy rating, Cascades presently has a consensus rating of “Buy” and a consensus target price of C$13.78.
Cascades (TSE:CAS) traded up 0.82% on Thursday, reaching $12.33. 45,172 shares of the company’s stock were exchanged. Cascades has a one year low of $7.72 and a one year high of $13.65. The stock has a market cap of $1.16 billion and a price-to-earnings ratio of 20.86. The firm has a 50 day moving average of $11.31 and a 200-day moving average of $9.77.
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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