Cascades Inc. (TSE:CAS - Get Free Report) shares fell 3.9% during mid-day trading on Thursday . The stock traded as low as C$12.21 and last traded at C$12.30. 91,738 shares were traded during trading, a decline of 60% from the average session volume of 226,883 shares. The stock had previously closed at C$12.80.
Wall Street Analyst Weigh In
Several analysts have commented on the stock. TD Securities lifted their target price on shares of Cascades from C$12.00 to C$14.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Royal Bank of Canada raised their price objective on Cascades from C$12.00 to C$13.00 and gave the stock a "sector perform" rating in a report on Friday, December 20th. CIBC upped their target price on Cascades from C$12.00 to C$13.00 in a research note on Wednesday, January 15th. Finally, Scotiabank raised shares of Cascades from a "hold" rating to a "strong-buy" rating and raised their target price for the stock from C$12.00 to C$15.50 in a research report on Monday, January 27th. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$13.25.
View Our Latest Analysis on CAS
Cascades Stock Down 2.5 %
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 company has a market cap of C$1.16 billion, a price-to-earnings ratio of -15.43, a price-to-earnings-growth ratio of 0.56 and a beta of 0.15. The firm's 50-day moving average price is C$12.34 and its 200-day moving average price is C$11.07.
Cascades Company Profile
(
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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.
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