Cascades Inc (CAS) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Cascades Inc (TSE:CAS) have received an average rating of “Buy” from the seven ratings firms that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$17.21.

CAS has been the topic of a number of recent analyst reports. Scotiabank boosted their price target on Cascades from C$16.75 to C$18.00 and gave the stock a “sector perform” rating in a research report on Friday, November 10th. Desjardins downgraded shares of Cascades from a “buy” rating to a “hold” rating and lowered their price target for the stock from C$18.00 to C$15.00 in a research note on Monday, November 13th. TD Securities lowered their price objective on shares of Cascades from C$18.00 to C$16.50 and set a “hold” rating for the company in a research note on Friday, November 10th. CIBC downgraded shares of Cascades from an “outperform” rating to a “neutral” rating in a research note on Monday, September 25th. Finally, National Bank Financial decreased their price target on shares of 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.

Shares of Cascades (TSE CAS) traded down C$0.18 during midday trading on Tuesday, hitting C$13.62. The stock had a trading volume of 118,877 shares, compared to its average volume of 242,173. The stock has a market capitalization of $1,290.00 and a P/E ratio of 2.93. Cascades has a twelve month low of C$11.44 and a twelve month high of C$18.20.

In other news, insider Bernard Lemaire sold 118,500 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of C$12.69, for a total value of C$1,503,765.00.

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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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