Could Cascades Inc Decline After Today’s Huge Increase?

 Could Cascades Inc Decline After Today's Huge Increase?

The stock of Cascades Inc (TSE:CAS) is a huge mover today! About 26,287 shares traded hands. Cascades Inc (TSE:CAS) has risen 45.22% since March 30, 2016 and is uptrending. It has outperformed by 44.01% the S&P500.
The move comes after 8 months positive chart setup for the $1.19 billion company. It was reported on Nov, 3 by Barchart.com. We have $17.65 PT which if reached, will make TSE:CAS worth $476.00M more.

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. $62 is the highest target while $8 is the lowest. The $13.25 average target is 5.08% above today’s ($12.61) stock price. Cascades Inc. has been the topic of 19 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The stock of Cascades Inc (TSE:CAS) has “Sector Underperform” rating given on Monday, August 22 by RBC Capital Markets. Dundee Securities downgraded the stock to “Neutral” rating in Friday, October 16 report. The firm earned “Sector Outperform” rating on Monday, August 29 by IBC. As per Thursday, January 14, the company rating was downgraded by TD Securities. TD Securities maintained the shares of CAS in a report on Monday, August 10 with “Buy” rating. RBC Capital Markets downgraded the stock to “Sector Perform” rating in Friday, September 4 report. The firm has “Outperform” rating by Scotia Capital given on Tuesday, October 25. The firm has “Buy” rating by Dundee Securities given on Thursday, November 12.

More important 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 article titled: “Cascades Inc. a trading opportunity ahead of seasonally strong quarters, says …”, Seekingalpha.com published: “Making A Green Investment Through Cascades Inc.” on July 15, 2016. More interesting news about Cascades Inc (TSE:CAS) was released by: Reuters.com and their article: “BRIEF-Cascades Inc will build new tissue converting plant in Scappoose, Or…” with publication date: June 16, 2016.

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 $1.19 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 22.61 P/E ratio. The Containerboard segment is a maker of containerboard and converter of corrugated products in North America.

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