Cascades (TSE:CAS - Get Free Report) had its target price decreased by CIBC from C$13.00 to C$10.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has a "neutral" rating on the stock. CIBC's price objective points to a potential upside of 13.12% from the company's previous close.
A number of other brokerages have also commented on CAS. Royal Bank of Canada decreased their price target on shares of Cascades from C$13.00 to C$11.00 and set a "sector perform" rating on the stock in a report on Tuesday, April 22nd. TD Securities lowered their price target on Cascades from C$16.00 to C$12.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Finally, Scotiabank upgraded Cascades from a "hold" rating to a "strong-buy" rating and upped their price objective for the stock from C$12.00 to C$15.50 in a report on Monday, January 27th. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of C$11.90.
Read Our Latest Stock Report on Cascades
Cascades Price Performance
Shares of TSE CAS traded down C$0.06 during midday trading on Tuesday, hitting C$8.84. 135,183 shares of the company's stock were exchanged, compared to its average volume of 224,446. The company has a current ratio of 1.22, a quick ratio of 0.86 and a debt-to-equity ratio of 121.37. The business's fifty day moving average price is C$10.03 and its two-hundred day moving average price is C$11.19. The company has a market cap of C$894.18 million, a price-to-earnings ratio of -11.92, a PEG ratio of 0.56 and a beta of 0.15. Cascades has a 12-month low of C$8.80 and a 12-month high of C$13.42.
Insider Activity at Cascades
In other news, Senior Officer Luc Langevin sold 9,000 shares of the company's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of C$9.82, for a total transaction of C$88,380.00. 23.78% of the stock is currently owned by company insiders.
About Cascades
(
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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.
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