Cascades (OTCMKTS:CADNF) Trading Up 1.3% – Should You Buy?

Cascades Inc. (OTCMKTS:CADNF)’s share price shot up 1.3% on Friday . The company traded as high as $8.9620 and last traded at $8.9620. 37,760 shares changed hands during mid-day trading, an increase of 136% from the average session volume of 16,026 shares. The stock had previously closed at $8.85.

Analysts Set New Price Targets

CADNF has been the topic of a number of recent analyst reports. TD Securities raised Cascades from a “hold” rating to a “buy” rating in a report on Friday, October 17th. CIBC reiterated a “neutral” rating on shares of Cascades in a research report on Tuesday, August 12th. Scotiabank restated an “outperform” rating on shares of Cascades in a research report on Monday, November 10th. Royal Bank Of Canada upgraded shares of Cascades from a “sector perform” rating to an “outperform” rating in a research report on Monday, October 20th. Finally, National Bankshares reissued a “sector perform” rating on shares of Cascades in a research note on Monday, November 10th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Cascades presently has an average rating of “Moderate Buy”.

Cascades Stock Performance

The firm’s 50 day moving average is $7.88 and its 200-day moving average is $7.17.

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.