Shares of Cascades Inc (TSE:CAS) have been given a consensus recommendation of “Buy” by the eight brokerages that are presently covering the firm. Four analysts have rated the stock with a buy recommendation. The average 1 year price target among brokers that have covered the stock in the last year is C$14.46.

Several analysts recently issued reports on the company. CIBC reiterated an “outperform” rating and set a C$14.00 price objective (up from C$12.00) on shares of Cascades in a report on Thursday. Royal Bank Of Canada increased their price objective on Cascades from C$12.00 to C$14.00 in a report on Thursday. Scotiabank increased their price objective on Cascades from C$12.75 to C$14.75 and gave the stock an “outperform” rating in a report on Wednesday, September 28th. Desjardins upgraded 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. Finally, RBC Capital Markets increased their price objective on Cascades from C$11.00 to C$15.00 in a report on Friday, September 23rd.

Shares of Cascades (TSE:CAS) opened at 12.78 on Friday. The firm’s 50-day moving average price is $11.51 and its 200 day moving average price is $9.81. The firm has a market cap of $1.21 billion and a PE ratio of 21.62. Cascades has a 52 week low of $7.72 and a 52 week high of $13.65.

About Cascades

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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