The stock of Cascades Inc (TSE:CAS) is a huge mover today! About 120,596 shares traded hands. Cascades Inc (TSE:CAS) has risen 29.02% since April 15, 2016 and is uptrending. It has outperformed by 25.16% the S&P500.
The move comes after 7 months positive chart setup for the $1.05B company. It was reported on Nov, 21 by Barchart.com. We have $19.32 PT which if reached, will make TSE:CAS worth $714.00M 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 15.22% above today’s ($11.5) stock price. Cascades Inc. has been the topic of 19 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating by TD Securities given on Thursday, January 14. The firm has “Buy” rating given on Monday, August 10 by TD Securities. The company was maintained on Monday, August 22 by RBC Capital Markets. The company was downgraded on Friday, October 16 by Dundee Securities. RBC Capital Markets downgraded Cascades Inc (TSE:CAS) on Friday, September 4 to “Sector Perform” rating. As per Monday, August 29, the company rating was upgraded by IBC. The firm has “Buy” rating by Dundee Securities given on Thursday, November 12. The stock has “Outperform” rating given by Scotia Capital on Tuesday, October 25.
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 $1.05 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 21.44 P/E ratio. The Containerboard segment is a maker of containerboard and converter of corrugated products in North America.
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