Cascades (TSE:CAS) Price Target Raised to C$13.00

Cascades (TSE:CAS - Get Free Report) had its target price boosted by equities researchers at CIBC from C$12.00 to C$13.00 in a research report issued on Wednesday,BayStreet.CA reports. CIBC's target price suggests a potential upside of 5.35% from the stock's current price.

Other equities analysts have also recently issued reports about the stock. TD Securities boosted their target price on shares of Cascades from C$12.00 to C$14.00 and gave the company 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 company a "sector perform" rating in a report on Friday, December 20th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of C$12.50.

Cascades Stock Performance

Shares of CAS stock traded up C$0.34 during trading hours on Wednesday, hitting C$12.34. The company's stock had a trading volume of 262,308 shares, compared to its average volume of 158,237. The stock has a market cap of C$1.25 billion, a PE ratio of -29.38, a price-to-earnings-growth ratio of 0.56 and a beta of 0.15. Cascades has a 12-month low of C$8.83 and a 12-month high of C$15.00. The company has a 50 day moving average of C$11.77 and a 200 day moving average of C$10.42. The company has a current ratio of 1.23, a quick ratio of 0.86 and a debt-to-equity ratio of 119.55.

Insider Activity

In related news, Senior Officer Luc Langevin sold 3,000 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of C$11.30, for a total value of C$33,900.00. Company insiders own 23.78% of the company's stock.

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.