Cascades Inc. (TSE:CAS) stock price target increased to $15.00, issued a research note today by Desjardins Securities
- Updated: September 26, 2016
Yesterday Cascades Inc. (TSE:CAS) traded 2.17% higher at $12.69. The company’s 50-day moving average is $10.47 and its 200-day moving average is $9.52. The last closing price is up 33.62% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 192,886 shares of the stock traded hands, up from an average trading volume of 110,341
In a report released on 9/26/2016 Desjardins Securities increased the stock price target of Cascades Inc. (TSE:CAS) to $15.00 indicating a possible upside of 0.18%.
Previously on 09/23/2016, RBC Capital Markets reported on Cascades Inc. (TSE:CAS) increased the target price from $11.00 to $15.00. At the time, this indicated a possible upside of 0.21%.
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Cascades Inc. has a 52 week low of $7.72 and a 52 week high of $13.65 with a P/E ratio of 21.52 The company’s market cap is currently $0.
In addition to Desjardins Securities reporting its stock price target, a total of 6 brokers have issued a research note on the company. The average stock price target is $9.17 with 1 broker rating the stock a strong buy, 3 brokers rating the stock a buy, 1 broker rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information 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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