The stock of Cascades Inc (TSE:CAS) is a huge mover today! About 118,536 shares traded hands. Cascades Inc (TSE:CAS) has risen 41.17% since April 7, 2016 and is uptrending. It has outperformed by 35.02% the S&P500.
The move comes after 6 months negative chart setup for the $1.08B company. It was reported on Nov, 11 by Barchart.com. We have $11.09 PT which if reached, will make TSE:CAS worth $54.00 million 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. $62 is the highest target while $8 is the lowest. The $13.25 average target is 13.54% above today’s ($11.67) stock price. Cascades Inc. has been the topic of 19 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The firm has “Sector Perform” rating given on Friday, September 4 by RBC Capital Markets. The stock has “Sector Outperform” rating given by IBC on Monday, August 29. Dundee Securities upgraded the shares of CAS in a report on Thursday, November 12 to “Buy” rating. Scotia Capital maintained the stock with “Outperform” rating in Tuesday, October 25 report. On Friday, October 16 the stock rating was downgraded by Dundee Securities to “Neutral”. The rating was maintained by RBC Capital Markets with “Sector Underperform” on Monday, August 22. The firm has “Buy” rating by TD Securities given on Monday, August 10. The stock has “Hold” rating given by TD Securities on Thursday, January 14.
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 $1.08 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 20.92 P/E ratio. The Containerboard segment is a maker of containerboard and converter of corrugated products in North America.
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