Brokerages Set Cascades Inc (CAS) Price Target at $18.29

Shares of Cascades Inc (TSE:CAS) have been assigned an average rating of “Buy” from the seven research firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$18.29.

A number of research firms have commented on CAS. TD Securities upgraded shares of Cascades from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$16.50 to C$18.00 in a research note on Monday, January 29th. National Bank Financial lifted their price objective on shares of Cascades from C$18.50 to C$21.00 and gave the company an “outperform” rating in a research note on Monday, February 5th. Desjardins lifted their price objective on shares of Cascades from C$15.50 to C$19.00 in a research note on Tuesday, January 30th. CIBC lifted their price objective on shares of Cascades from C$14.00 to C$17.00 and gave the company an “outperform” rating in a research note on Tuesday, December 12th. Finally, Scotiabank lifted their price objective on shares of Cascades from C$16.75 to C$18.00 and gave the company a “sector perform” rating in a research note on Friday, November 10th.

In other news, insider Bernard Lemaire sold 118,500 shares of the business’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of C$12.69, for a total transaction of C$1,503,765.00. Over the last quarter, insiders have sold 519,300 shares of company stock worth $7,705,957.

Cascades (TSE CAS) traded down C$0.14 during midday trading on Wednesday, reaching C$16.29. 93,500 shares of the company’s stock were exchanged, compared to its average volume of 240,250. The firm has a market capitalization of $1,570.00, a price-to-earnings ratio of 3.50 and a beta of 0.07. Cascades has a one year low of C$12.20 and a one year high of C$18.20.

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Cascades Company Profile

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.

Analyst Recommendations for Cascades (TSE:CAS)

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