The stock of Cascades Inc (TSE:CAS) is a huge mover today! About 16,191 shares traded hands. Cascades Inc (TSE:CAS) has risen 33.94% since April 22, 2016 and is uptrending. It has outperformed by 27.93% the S&P500.
The move comes after 5 months negative chart setup for the $1.08B company. It was reported on Nov, 28 by Barchart.com. We have $11.20 PT which if reached, will make TSE:CAS worth $32.40M 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 14.72% above today’s ($11.55) stock price. Cascades Inc. has been the topic of 19 analyst reports since August 10, 2015 according to StockzIntelligence Inc. Dundee Securities downgraded the shares of CAS in a report on Friday, October 16 to “Neutral” rating. As per Friday, September 4, the company rating was downgraded by RBC Capital Markets. The firm has “Sector Outperform” rating given on Monday, August 29 by IBC. TD Securities maintained the stock with “Buy” rating in Monday, August 10 report. RBC Capital Markets maintained the stock with “Sector Underperform” rating in Monday, August 22 report. TD Securities downgraded the stock to “Hold” rating in Thursday, January 14 report. Dundee Securities upgraded Cascades Inc (TSE:CAS) rating on Thursday, November 12. Dundee Securities has “Buy” rating and $12 price target. The company was maintained on Tuesday, October 25 by Scotia Capital.
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 21.53 P/E ratio. The Containerboard segment is a maker of containerboard and converter of corrugated products in North America.
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