Brokerages Set Cascades Inc. (TSE:CAS) Target Price at C$13.25

Cascades Inc. (TSE:CAS) has been given a consensus rating of “Moderate Buy” by the five analysts that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$13.25.

A number of equities research analysts have commented on CAS shares. Scotiabank upgraded shares of Cascades from a “hold” rating to a “strong-buy” rating and raised their price target for the stock from C$12.00 to C$15.50 in a report on Monday, January 27th. TD Securities lifted their price objective on shares of Cascades from C$12.00 to C$14.00 and gave the company a “buy” rating in a report on Friday, November 8th. Royal Bank of Canada raised their price target on shares of Cascades from C$12.00 to C$13.00 and gave the company a “sector perform” rating in a research report on Friday, December 20th. Finally, CIBC lifted their price objective on shares of Cascades from C$12.00 to C$13.00 in a research report on Wednesday, January 15th.

Cascades Price Performance

CAS stock opened at C$11.49 on Tuesday. The company has a fifty day moving average price of C$12.33 and a 200-day moving average price of C$11.10. The company has a market capitalization of C$1.16 billion, a P/E ratio of -15.50, a PEG ratio of 0.56 and a beta of 0.15. Cascades has a 52-week low of C$8.83 and a 52-week high of C$13.42. The company has a debt-to-equity ratio of 121.37, a quick ratio of 0.86 and a current ratio of 1.22.

Cascades Company Profile

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.