Cascades Inc (TSE:CAS) had its price target hoisted by Royal Bank Of Canada from C$12.00 to C$14.00 in a research report released on Thursday, StockTargetPrices.com reports.
Other analysts have also issued reports about the stock. RBC Capital Markets upped their price target on shares of Cascades from C$11.00 to C$15.00 in a research report on Friday, September 23rd. Dundee Securities upped their price target on shares of Cascades from C$13.00 to C$15.00 in a research report on Monday, September 19th. Desjardins raised shares of Cascades from a hold rating to a buy rating and set a C$15.00 price target on the stock in a research report on Monday, September 26th. TD Securities upped their price target on shares of Cascades from C$12.50 to C$13.50 and gave the stock a buy rating in a research report on Tuesday, September 6th. Finally, Scotiabank upped their price target on shares of Cascades from C$12.75 to C$14.75 and gave the stock an outperform rating in a research report on Wednesday, September 28th. Six investment analysts have rated the stock with a buy rating, The stock has an average rating of Buy and a consensus price target of C$14.03.
Cascades (TSE:CAS) opened at 12.78 on Thursday. Cascades has a 12-month low of $7.72 and a 12-month high of $13.65. The company has a market capitalization of $1.21 billion and a P/E ratio of 21.62. The stock’s 50 day moving average is $11.58 and its 200-day moving average is $9.84.
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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