Royal Bank Of Canada Lowers Cascades Inc (CAS) Price Target to C$16.00

Cascades Inc (TSE:CAS) had its target price lowered by equities researchers at Royal Bank Of Canada from C$17.00 to C$16.00 in a research report issued to clients and investors on Thursday, StockTargetPrices.com reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price points to a potential upside of 8.33% from the company’s current price.

Several other analysts also recently weighed in on CAS. Scotiabank downgraded shares of Cascades from an “outperform” rating to a “sector perform” rating and set a C$17.00 price target for the company. in a research note on Thursday, May 11th. National Bank Financial raised shares of Cascades from a “sector perform” rating to an “outperform” rating in a research note on Thursday, May 11th. TD Securities downgraded shares of Cascades from a “buy” rating to a “hold” rating and set a C$18.00 price objective for the company. in a research note on Thursday, May 11th. Ci Capital boosted their price objective on shares of Cascades from C$17.00 to C$19.00 in a research note on Tuesday, July 4th. Finally, Desjardins reduced their price objective on shares of Cascades from C$17.50 to C$16.00 in a research note on Friday, August 11th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of C$16.63.

Cascades (TSE:CAS) traded down 1.02% on Thursday, hitting $14.62. The company’s stock had a trading volume of 177,820 shares. The firm has a market cap of $1.38 billion and a price-to-earnings ratio of 2.80. Cascades has a 12 month low of $8.93 and a 12 month high of $18.20. The firm has a 50 day moving average of $16.38 and a 200 day moving average of $15.19.

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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.