Cascades Inc (CAS) Receives “Sector Perform” Rating from Scotiabank

Cascades Inc (TSE:CAS)‘s stock had its “sector perform” rating reissued by equities research analysts at Scotiabank in a research report issued to clients and investors on Sunday, July 30th. They presently have a C$17.00 price objective on the stock. Scotiabank’s price objective suggests a potential upside of 16.52% from the company’s current price.

CAS has been the subject of several other reports. Royal Bank Of Canada downgraded shares of Cascades from an “outperform” rating to a “sector perform” rating and upped their target price for the company from C$15.00 to C$16.00 in a research note on Wednesday, April 19th. Ci Capital increased their price objective on shares of Cascades from C$17.00 to C$19.00 in a research note on Tuesday, July 4th. National Bank Financial increased their target price on shares of Cascades from C$13.50 to C$16.00 in a report on Thursday, April 6th. Finally, TD Securities cut shares of Cascades from a “buy” rating to a “hold” rating and set a C$18.00 target price on the stock. in a report on Thursday, May 11th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Cascades presently has a consensus rating of “Buy” and an average target price of C$16.63.

Cascades (TSE CAS) traded up 0.41% during trading on Friday, hitting $14.59. The stock had a trading volume of 179,440 shares. The company’s 50 day moving average is $16.21 and its 200 day moving average is $15.20. The firm has a market cap of $1.38 billion and a PE ratio of 2.79. Cascades has a 52-week low of $8.93 and a 52-week high of $18.20.

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Cascades Company Profile

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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