Cascades (OTCMKTS:CADNF) Stock Price Down 1% – What’s Next?

Cascades Inc. (OTCMKTS:CADNF)’s share price traded down 1% during mid-day trading on Monday . The company traded as low as $12.0335 and last traded at $12.18. Approximately 33,992 shares were traded during trading, a decline of 23% from the average daily volume of 43,889 shares. The stock had previously closed at $12.30.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on CADNF shares. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Cascades in a research report on Monday, August 10th. TD Securities reaffirmed a “buy” rating on shares of Cascades in a research note on Tuesday, August 4th. Scotiabank reiterated an “outperform” rating on shares of Cascades in a report on Friday, August 14th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Cascades in a research report on Monday, August 10th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cascades presently has an average rating of “Moderate Buy”.

Cascades Stock Up 2.2%

The stock has a fifty day moving average price of $11.29 and a 200-day moving average price of $9.16.

Cascades Company Profile

Cascades Inc is a Canadian leader in the production, conversion and marketing of packaging and tissue products composed mainly of recycled fibres. Headquartered in Kingsey Falls, Quebec, the company operates a network of manufacturing facilities across North America and Europe. Since its founding in 1964, Cascades has focused on sustainable solutions that meet the needs of consumer goods companies, retailers and foodservice businesses.

The company’s operations are organized into three primary segments: packaging specialties, tissue papers and recovery and recycling.