Shares of Cascades Inc (TSE:CAS) have received an average recommendation of “Buy” from the seven brokerages that are presently covering the firm, reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$17.21.

CAS has been the topic of several research analyst reports. CIBC downgraded shares of Cascades from an “outperform” rating to a “neutral” rating in a report on Monday, September 25th. National Bank Financial boosted their target price on shares of Cascades from C$19.00 to C$21.00 and gave the stock an “outperform” rating in a report on Friday, October 13th. Scotiabank boosted their target price on shares of Cascades from C$16.75 to C$18.00 and gave the stock a “sector perform” rating in a report on Friday, November 10th. TD Securities lowered their target price on shares of Cascades from C$18.00 to C$16.50 and set a “hold” rating on the stock in a report on Friday, November 10th. Finally, Desjardins downgraded shares of Cascades from a “buy” rating to a “hold” rating and decreased their price target for the company from C$18.00 to C$15.00 in a research note on Monday, November 13th.

Cascades (TSE:CAS) traded up C$0.04 during mid-day trading on Tuesday, hitting C$14.56. 190,957 shares of the stock traded hands, compared to its average volume of 311,339. Cascades has a 1 year low of C$11.44 and a 1 year high of C$18.20. The stock has a market capitalization of $1,380.00 and a P/E ratio of 3.13.

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

ILLEGAL ACTIVITY NOTICE: “Analysts Set Cascades Inc (CAS) Target Price at $17.21” was first reported by Watch List News and is the sole property of of Watch List News. If you are viewing this piece on another site, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this piece can be viewed at

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)

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's FREE daily email newsletter.