Cascades Inc. (TSE:CAS) target price raised to $14.75, reported today by Scotia Capital
- Updated: September 28, 2016
Cascades Inc. (TSE:CAS) had its price target raised to $14.75 by Scotia Capital in a report issued Wednesday September 28, 2016. The increased target suggests a potential upside of 0.14% from the company's previous stock price.
Previously on 09/26/2016, Desjardins Securities released a statement about Cascades Inc. (TSE:CAS) increased the target price from $0.00 to $15.00. At the time, this indicated a possible upside of 0.18%.
Yesterday Cascades Inc. (TSE:CAS) traded 0.54% higher at $12.96. CAS’s 50-day average is $10.67 and its two hundred day moving average is $9.59. The last closing price is up 35.44% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the date range. Volume of trade was up over the average, with 122,818 shares of CAS changing hands over the typical 115,625
With a total market value of $0, Cascades Inc. has price-earnings ratio of 21.98 with a 52 week low of $7.72 and a 52 week high of $13.65 .
In addition to Scotia Capital reporting its target price, a total of 6 firms have reported on the stock. The consensus target price is $9.17 with 1 firm rating the stock a strong buy, 3 firms rating the stock a buy, 1 firm rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 firms 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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