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

Shares of Cascades Inc (TSE:CAS) have earned an average recommendation of “Buy” from the seven brokerages that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$18.29.

Several brokerages have issued reports on CAS. National Bank Financial lifted their price target on Cascades from C$18.50 to C$21.00 and gave the stock an “outperform” rating in a research note on Monday, February 5th. Desjardins lifted their price target on Cascades from C$15.50 to C$19.00 in a research note on Tuesday, January 30th. TD Securities raised Cascades from a “hold” rating to a “buy” rating and lifted their price target for the stock from C$16.50 to C$18.00 in a research note on Monday, January 29th. CIBC lifted their price target on Cascades from C$14.00 to C$17.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 12th. Finally, Scotiabank reaffirmed a “sector perform” rating and set a C$18.00 price target on shares of Cascades in a research note on Tuesday, December 5th.

Shares of Cascades (TSE:CAS) traded up C$0.33 during mid-day trading on Wednesday, reaching C$16.54. The company’s stock had a trading volume of 205,144 shares, compared to its average volume of 243,312. Cascades has a 52-week low of C$12.20 and a 52-week high of C$18.20. The company has a market capitalization of $1,540.00, a price-to-earnings ratio of 3.56 and a beta of 0.07.

In other news, insider Bernard Lemaire sold 400,000 shares of Cascades stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of C$15.48, for a total value of C$6,192,000.00. In the last ninety days, insiders have sold 519,300 shares of company stock valued at $7,705,957.

WARNING: “Cascades Inc (CAS) Receives Average Recommendation of “Buy” from Brokerages” was originally published by The Lincolnian Online and is the property of of The Lincolnian Online. If you are viewing this report on another website, it was illegally copied and republished in violation of U.S. and international copyright law. The original version of this report can be accessed at https://www.thelincolnianonline.com/2018/02/21/cascades-inc-cas-receives-average-recommendation-of-buy-from-brokerages.html.

About Cascades

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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cascades and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply