Cascades Inc (CAS) Rating Reiterated by CIBC
Cascades Inc (TSE:CAS)‘s stock had its “outperform” rating restated by equities research analysts at CIBC in a research report issued to clients and investors on Thursday. They currently have a C$14.00 price target on the stock, up from their previous price target of C$12.00. CIBC’s target price would suggest a potential upside of 9.55% from the company’s current price.
A number of other equities analysts have also commented on CAS. Desjardins reiterated a “hold” rating on shares of Cascades in a report on Friday, September 16th. RBC Capital Markets lifted their price target on shares of Cascades from C$11.00 to C$15.00 in a report on Friday, September 23rd. Royal Bank Of Canada lifted their price target on shares of Cascades from C$11.00 to C$15.00 and gave the stock an “outperform” rating in a report on Friday, September 23rd. Scotiabank reiterated an “outperform” rating and set a C$12.50 price target on shares of Cascades in a report on Monday, August 8th. Finally, National Bank Financial upgraded shares of Cascades from a “sector perform” rating to an “outperform” rating in a report on Monday, July 11th. Six analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average price target of C$14.03.
Cascades (TSE:CAS) opened at 12.78 on Thursday. The stock’s 50 day moving average is $11.51 and its 200-day moving average is $9.81. The firm has a market capitalization of $1.21 billion and a P/E 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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