TD Securities Cuts Cascades (TSE:CAS) Price Target to C$10.00

Cascades (TSE:CASGet Rating) had its target price cut by stock analysts at TD Securities from C$10.50 to C$10.00 in a report issued on Friday, BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. TD Securities’ target price would indicate a potential upside of 19.76% from the stock’s current price.

A number of other research firms have also recently commented on CAS. CIBC lowered their price target on Cascades from C$10.00 to C$9.00 and set a “neutral” rating for the company in a report on Friday. National Bankshares lowered their target price on Cascades from C$8.00 to C$7.75 in a report on Friday. National Bank Financial cut Cascades from an “outperform overweight” rating to a “sector perform overweight” rating in a report on Thursday, August 4th. Scotiabank lowered their target price on Cascades from C$15.00 to C$13.00 in a report on Friday. Finally, Royal Bank of Canada raised Cascades from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from C$11.00 to C$12.00 in a report on Tuesday, September 13th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Cascades currently has an average rating of “Hold” and a consensus price target of C$12.59.

Cascades Price Performance

Cascades stock opened at C$8.35 on Friday. The company has a debt-to-equity ratio of 91.81, a quick ratio of 0.86 and a current ratio of 1.60. Cascades has a 52 week low of C$7.95 and a 52 week high of C$14.78. The stock has a market capitalization of C$841.86 million and a P/E ratio of 5.88. The stock has a fifty day moving average of C$8.71 and a 200-day moving average of C$9.62.

Insider Activity at Cascades

In other Cascades news, Director Mario Plourde bought 8,300 shares of the business’s stock in a transaction that occurred on Friday, August 19th. The shares were bought at an average price of C$9.25 per share, for a total transaction of C$76,775.00. Following the transaction, the director now directly owns 273,487 shares in the company, valued at C$2,529,754.75.

Cascades Company Profile

(Get Rating)

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 manufactures containerboards, as well as converts corrugated products. The company also offers uncoated recycled paperboards for use in packaging converters and industrial users of headers and wrappers for the paper industry, as well as partitions that are used as protective packaging; honeycomb paperboards for the beer, wine, and spirits industry; laminated paperboards for food packaging and furniture backing industries; and specialty containers, structural components, and paperboard and fiber composites.

Read More

Analyst Recommendations for Cascades (TSE:CAS)

Receive News & Ratings for Cascades Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cascades and related companies with MarketBeat.com's FREE daily email newsletter.