Cascades Inc. (TSE:CAS) Given Average Recommendation of “Moderate Buy” by Brokerages

Cascades Inc. (TSE:CAS) has received an average rating of “Moderate Buy” from the five analysts that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$13.25.

Several equities research analysts have recently issued reports on CAS shares. CIBC lifted their price target on Cascades from C$12.00 to C$13.00 in a report on Wednesday, January 15th. Royal Bank of Canada boosted their price objective on Cascades from C$12.00 to C$13.00 and gave the company a “sector perform” rating in a research report on Friday, December 20th. Scotiabank upgraded Cascades from a “hold” rating to a “strong-buy” rating and boosted their price objective for the company from C$12.00 to C$15.50 in a research report on Monday, January 27th. Finally, TD Securities upped their target price on shares of Cascades from C$12.00 to C$14.00 and gave the stock a “buy” rating in a report on Friday, November 8th.

Cascades Stock Up 0.4 %

Shares of Cascades stock opened at C$11.49 on Tuesday. The firm has a market cap of C$1.16 billion, a price-to-earnings ratio of -15.50, a P/E/G ratio of 0.56 and a beta of 0.15. The company has a debt-to-equity ratio of 121.37, a current ratio of 1.22 and a quick ratio of 0.86. Cascades has a 52-week low of C$8.83 and a 52-week high of C$13.42. The stock has a 50-day simple moving average of C$12.33 and a 200-day simple moving average of C$11.10.

Cascades Company Profile

Cascades Inc produces, converts, and markets packaging and tissue products in Canada and the United States. The company operates through three segments: Containerboard, Specialty Products, and Tissue Papers. It offers various packaging solutions and tissue products comprised of recycled fibers; tissue papers, comprising parent rolls of virgin and recycled fibres; specialty products, including uncoated recycled boxboards; and containerboards.