Cascades Inc. (TSE:CAS) stock price target increased to $15.00, issued a research note earlier today by RBC Capital Markets
- Updated: September 23, 2016
Having a price of $12.39, Cascades Inc. (TSE:CAS) traded 1.31% higher on the day. The last stock price close is up 30.14% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the date range. Cascades Inc. has recorded a 50-day average of $10.38 and a two hundred day average of $9.49. Volume of trade was up over the average, with 214,681 shares of CAS changing hands over the typical 107,083
Reporting as potential upside of 0.21%, RBC Capital Markets bumped up the target price of Cascades Inc. (TSE:CAS) to $15.00
On 9/19/2016, Dundee Securities released a statement on Cascades Inc. (TSE:CAS) upped the target price from $13.00 to $15.00 that indicated a possible upside of 0.28%.
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Cascades Inc. has 52 week low of $7.72 and a 52 week high of $13.65 with a PE ratio of 20.90 and has a market capitalization of $0.
In addition to RBC Capital Markets reporting its stock price target, a total of 6 brokerages have issued a research note on the company. The average stock price target is $9.17 with one analyst rating the company a strong buy, three analysts rating the company a buy, one analyst rating the company a hold, one firm rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Cascades Inc. (TSE:CAS)
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. The Containerboard segment is a manufacturer of containerboard and converter of corrugated products in North America. The Boxboard Europe segment is engaged in manufacturing coated boxboard in Europe. The Specialty Products Group manufactures industrial packaging, consumer packaging products, and is also involved in recovery and recycling. The Tissue Papers segment operates units that manufacture and convert tissue papers for the Away-from-Home and consumer products markets. In Europe, Cascades operates the La Rochette mill in France that produces coated boxboard made of virgin fiber, with a total annual production capacity of approximately 165,000 metric tons.
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