Cascades (CAS) Upgraded at Desjardins
Cascades (TSE:CAS) was upgraded by Desjardins from a “hold” rating to a “buy” rating in a research report issued on Wednesday. The firm currently has a C$15.50 target price on the stock, up from their prior target price of C$15.00. Desjardins’ target price would indicate a potential upside of 20.62% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the company. CIBC dropped their price objective on Cascades from C$18.00 to C$14.00 in a research report on Monday, November 13th. TD Securities dropped their price objective on Cascades from C$18.00 to C$17.00 and set a “hold” rating on the stock in a research report on Friday, August 11th. National Bank Financial dropped their price objective on Cascades from C$21.00 to C$18.50 and set an “outperform” rating on the stock in a research report on Friday, November 10th. Scotiabank reaffirmed a “sector perform” rating and set a C$18.00 price objective on shares of Cascades in a research report on Tuesday. Finally, Royal Bank Of Canada dropped their price objective on Cascades from C$17.00 to C$16.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 17th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of C$16.79.
Cascades (TSE:CAS) traded up C$0.20 during midday trading on Wednesday, hitting C$12.85. The stock had a trading volume of 258,759 shares, compared to its average volume of 238,986. Cascades has a 52-week low of C$11.12 and a 52-week 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.
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