CIBC Boosts Cascades (CAS) Price Target to C$17.00
Cascades (TSE:CAS) had its price objective raised by CIBC from C$14.00 to C$17.00 in a research report report published on Tuesday morning. The brokerage currently has an outperform rating on the stock.
Other equities analysts have also recently issued research reports about the company. TD Securities lowered their target price on Cascades from C$18.00 to C$17.00 and set a hold rating for the company in a report on Thursday, August 17th. Royal Bank of Canada reduced 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. Desjardins reduced their price target on Cascades from C$17.50 to C$16.00 in a research report on Thursday, August 17th. National Bank Financial upped their price target on Cascades from C$19.00 to C$21.00 and gave the company an outperform rating in a research report on Friday, October 13th. Finally, Scotiabank upped their price target on Cascades from C$16.75 to C$18.00 and gave the company a sector perform rating in a research report on Friday, November 10th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of C$17.21.
Cascades (CAS) opened at C$14.12 on Tuesday. Cascades has a fifty-two week low of C$11.39 and a fifty-two week high of C$18.20.
In other Cascades news, insider Bernard Lemaire sold 118,500 shares of the stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of C$12.69, for a total value of C$1,503,765.00.
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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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