Cascades Inc (TSE:CAS) Stock Rating Reaffirmed by Scotiabank

Cascades Inc (TSE:CAS)‘s stock had its “sector perform” rating reaffirmed by analysts at Scotiabank in a research note issued on Saturday, August 5th. They presently have a C$17.00 target price on the stock. Scotiabank’s target price suggests a potential upside of 16.52% from the stock’s previous close.

A number of other analysts also recently issued reports on CAS. 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 report on Thursday, May 11th. Ci Capital boosted their price target on shares of Cascades from C$17.00 to C$19.00 in a research note on Friday, April 7th. National Bank Financial upgraded shares of Cascades from a “sector perform” rating to an “outperform” rating in a research report on Thursday, May 11th. Finally, Royal Bank Of Canada cut shares of Cascades from an “outperform” rating to a “sector perform” rating and boosted their price objective for the company from C$15.00 to C$16.00 in a research report on Wednesday, April 19th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of C$16.63.

Cascades (TSE:CAS) traded up 0.41% during midday trading on Friday, reaching $14.59. The company’s stock had a trading volume of 179,440 shares. Cascades has a 12 month low of $8.93 and a 12 month high of $18.20. The company has a market cap of $1.38 billion and a PE ratio of 2.79. The stock has a 50-day moving average price of $16.21 and a 200 day moving average price of $15.20.

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About Cascades

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.

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