Cascades (OTCMKTS:CADNF) Upgraded to Outperform at CIBC
CIBC upgraded shares of Cascades (OTCMKTS:CADNF) from a neutral rating to an outperform rating in a report published on Monday morning, The Fly reports.
Several other research analysts have also recently weighed in on the stock. Desjardins reiterated a hold rating on shares of Cascades in a report on Tuesday, November 12th. TD Securities set a $13.00 target price on shares of Cascades and gave the stock a hold rating in a report on Friday, October 18th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $12.00.
Cascades stock opened at $8.75 on Monday. Cascades has a twelve month low of $5.78 and a twelve month high of $10.20. The company has a 50 day moving average of $9.07 and a 200-day moving average of $9.05.
Cascades Inc produces, converts, and markets packaging and tissue products in Canada, the United States, and internationally. The company operates through four segments: Containerboard, Boxboard Europe, Specialty Products, and Tissue Papers. It offers containerboards, and coated recycled and virgin boxboards, as well as converts corrugated products.
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