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.

COPYRIGHT VIOLATION NOTICE: This report was posted by BNB Daily and is the sole property of of BNB Daily. If you are accessing this report on another website, it was illegally stolen and republished in violation of international copyright laws. The correct version of this report can be read at

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)

Receive News & Ratings for Cascades Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cascades Inc and related companies with's FREE daily email newsletter.

Latest News

Leave a Reply