Cascades Inc. (TSE:CAS) Given Average Recommendation of "Moderate Buy" by Analysts

Cascades Inc. (TSE:CAS - Get Free Report) has been given an average rating of "Moderate Buy" by the six brokerages that are covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$13.25.

Several research analysts recently commented on CAS shares. Royal Bank of Canada increased their price target on 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. Scotiabank raised Cascades from a "hold" rating to a "strong-buy" rating and raised their price objective for the company from C$12.00 to C$15.50 in a research report on Monday, January 27th. TD Securities raised their price objective on Cascades from C$12.00 to C$14.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Finally, CIBC raised their price objective on Cascades from C$12.00 to C$13.00 in a research report on Wednesday, January 15th.

Cascades Stock Down 2.5 %

TSE CAS traded down C$0.29 during trading hours on Tuesday, hitting C$11.44. 279,195 shares of the company traded hands, compared to its average volume of 252,595. The business's 50-day moving average is C$12.35 and its 200-day moving average is C$11.07. Cascades has a twelve month low of C$8.83 and a twelve month 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. The stock has a market capitalization of C$1.16 billion, a price-to-earnings ratio of -15.43, a P/E/G ratio of 0.56 and a beta of 0.15.

About Cascades

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.