Cascades (TSE:CAS) Price Target Raised to C$14.00

Cascades (TSE:CAS) had its price target lifted by TD Securities from C$12.00 to C$14.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price target points to a potential upside of 17.85% from the stock’s current price.

CAS has been the subject of a number of other reports. Desjardins raised their target price on Cascades from C$10.50 to C$13.50 and gave the stock a “hold” rating in a research report on Friday. Royal Bank Of Canada boosted their price objective on Cascades from C$13.00 to C$14.00 and gave the company an “outperform” rating in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Cascades has a consensus rating of “Moderate Buy” and an average price target of C$13.00.

Cascades Stock Performance

Shares of TSE CAS traded up C$0.21 during mid-day trading on Friday, reaching C$11.88. 262,524 shares of the company’s stock were exchanged, compared to its average volume of 225,997. The company has a debt-to-equity ratio of 121.37, a current ratio of 1.22 and a quick ratio of 0.86. The firm has a market capitalization of C$1.20 billion, a price-to-earnings ratio of -148.50, a price-to-earnings-growth ratio of 0.56 and a beta of 0.87. Cascades has a 52 week low of C$8.30 and a 52 week high of C$13.42. The firm has a 50-day moving average price of C$10.17 and a two-hundred day moving average price of C$9.51.

About Cascades

Cascades Inc, along with its subsidiaries, produces, converts and markets packaging and tissue products composed mainly of recycled fibres. The company is organized into four main business segments: Containerboard, Boxboard Europe, Specialty Products (which constitutes packaging products), and Tissue Papers.