The stock of Cascades Inc (TSE:CAS) is a huge mover today! About 32,288 shares traded hands. Cascades Inc (TSE:CAS) has risen 59.76% since March 14, 2016 and is uptrending. It has outperformed by 54.22% the S&P500.
The move comes after 8 months negative chart setup for the $1.29 billion company. It was reported on Oct, 19 by Barchart.com. We have $12.06 PT which if reached, will make TSE:CAS worth $103.20M less.
Cascades Inc (TSE:CAS) Ratings Coverage
Out of 5 analysts covering Cascades Inc. (TSE:CAS), 5 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Cascades Inc. has been the topic of 18 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The rating was maintained by RBC Capital Markets with “Sector Underperform” on Monday, August 22. The firm has “Hold” rating given on Thursday, January 14 by TD Securities. The stock of Cascades Inc (TSE:CAS) earned “Neutral” rating by Dundee Securities on Friday, October 16. The rating was upgraded by IBC to “Sector Outperform” on Monday, August 29. The company was upgraded on Thursday, November 12 by Dundee Securities. The rating was maintained by TD Securities with “Buy” on Monday, August 10. The company was downgraded on Friday, September 4 by RBC Capital Markets.
More recent Cascades Inc (TSE:CAS) news were published by: Business.Financialpost.com which released: “Cascades Inc upgraded as ‘containerboard train’ chugs along” on August 29, 2016. Also Business.Financialpost.com published the news titled: “Cascades Inc. a trading opportunity ahead of seasonally strong quarters, says …” on July 11, 2016. Seekingalpha.com‘s news article titled: “Making A Green Investment Through Cascades Inc.” with publication date: July 15, 2016 was also an interesting one.
Cascades Inc. is a Canada firm that produces, converts and markets packaging and tissue products consisting of recycled fibers. The company has a market cap of $1.29 billion. The Firm operates through four divisions: Containerboard, Boxboard Europe, Specialty Products (which constitutes the Company’s Packaging Products) and Tissue Papers. It has a 23.5 P/E ratio. The Containerboard segment is a maker of containerboard and converter of corrugated products in North America.
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