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.

ILLEGAL ACTIVITY NOTICE: This news story was posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are reading this news story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright and trademark law. The legal version of this news story can be read at https://theolympiareport.com/2017/12/06/cascades-cas-upgraded-at-desjardins.html.

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)

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 Analyst Ratings Network's FREE daily email newsletter.