Scotiabank Reiterates “Sector Perform” Rating for Cascades (CAS)

Cascades (TSE:CAS)‘s stock had its “sector perform” rating reiterated by stock analysts at Scotiabank in a report released on Tuesday. They presently have a C$18.00 price objective on the stock. Scotiabank’s price target would suggest a potential upside of 32.45% from the company’s previous close.

A number of other research firms also recently weighed in on CAS. CIBC lowered their price target on Cascades from C$18.00 to C$14.00 in a research report on Monday, November 13th. Desjardins downgraded Cascades from a “buy” rating to a “hold” rating and lowered their price target for the company from C$18.00 to C$15.00 in a research report on Monday, November 13th. TD Securities lowered their price target on Cascades from C$18.00 to C$16.50 and set a “hold” rating on the stock in a research report on Friday, November 10th. National Bank Financial lowered their price target 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. Finally, Royal Bank Of Canada lowered their price target 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 equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of C$16.79.

Shares of Cascades (CAS) opened at C$13.59 on Tuesday. Cascades has a 12-month low of C$11.12 and a 12-month high of C$18.20.

In other Cascades news, insider Bernard Lemaire sold 118,500 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of C$12.69, for a total transaction 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.

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