Cascades (TSE:CAS) had its price objective decreased by investment analysts at Royal Bank of Canada to C$20.00 in a note issued to investors on Wednesday, Stock Target Advisor reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target indicates a potential upside of 46.84% from the stock’s previous close.
Other analysts also recently issued research reports about the stock. National Bankshares dropped their target price on shares of Cascades from C$20.50 to C$18.50 and set an “outperform” rating on the stock in a research report on Friday, May 7th. CIBC raised shares of Cascades from a “neutral” rating to an “outperform” rating in a research report on Friday, April 16th. TD Securities upgraded shares of Cascades from a “hold” rating to a “buy” rating and set a C$17.50 price objective for the company in a research note on Friday, May 7th. Scotiabank decreased their price objective on shares of Cascades from C$19.50 to C$18.50 in a research note on Wednesday, May 19th. Finally, National Bank Financial lifted their price objective on shares of Cascades to C$18.50 and gave the company an “outperform” rating in a research note on Friday, May 7th. Six analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average price target of C$18.43.
Shares of Cascades stock opened at C$13.62 on Wednesday. The stock has a 50 day moving average price of C$14.21. The company has a debt-to-equity ratio of 100.61, a quick ratio of 0.96 and a current ratio of 1.60. Cascades has a 52-week low of C$13.06 and a 52-week high of C$18.48. The stock has a market cap of C$1.39 billion and a P/E ratio of 6.85.
Cascades Company Profile
Cascades Inc produces, converts, and markets packaging and tissue products in Canada, the United States, Italy, and internationally. The company operates through four segments: Containerboard, Boxboard Europe, Specialty Products, and Tissue Papers. It provides containerboards, and coated recycled and virgin boxboards, as well as converts corrugated products.
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