Dundee Securities disclosed Cascades Inc. (TSE:CAS), hiking its stock price target to $15.00 earlier today
- Updated: September 19, 2016
Cascades Inc. (TSE:CAS) had its estimated target price upped to $15 by Dundee Securities in a report announced 9/19/2016. The updated target price indicates a possible upside of 0.28% from the bussiness’ previous stock close price.
Previously on 9/6/2016, TD Securities released a statement for Cascades Inc.(TSE:CAS) raised the target price from $12.50 to $13.50 that suggested an upside of 0.17%.
Only yesterday Cascades Inc. (TSE:CAS) traded 0.93% lower at $11.71. The company’s 50-day average is $10.14 and its two hundred day moving average is $9.41. With the last close up 24.46% relative to the 200-day average, compared with the S&P 500 which has decreased -0.01% over the same period. 100,039 shares of CAS were exchanged, down from ann avg. volume of 103,305.
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Cascades Inc. has a price-earnings of 20 with a 52 week low of $7.72 and a 52 week high of $13.65 and has a total market value of $0.0.
A total of 6 firms have issued a report on the company. One firm rate the company a strong buy, three firms rate the stock a buy, one analyst rate the stock a hold, one brokerage rate the company to underperform, and finally 0 firmsrate the stock as sell with a 12-month target of $9.17
Brief Synopsis 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, and 000 metric tons.
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