Can analysts adopt a bullish outlook for Cascades Inc. (TSE:CAS)?

May 29, 2018 - By wolcottdaily

Cascades Inc. (TSE:CAS) Logo

Cascades Inc. (TSE:CAS) Ratings Coverage

Among 2 analysts covering Cascades Inc. (TSE:CAS), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Cascades Inc. had 2 analyst reports since December 5, 2017 according to SRatingsIntel. The rating was upgraded by Desjardins Securities to “Buy” on Wednesday, December 6. The stock has “Sector Perform” rating by Scotia Capital on Tuesday, December 5. Below is a list of Cascades Inc. (TSE:CAS) latest ratings and price target changes.

06/12/2017 Broker: Desjardins Securities Old Rating: Hold New Rating: Buy Old Target: $15.00 New Target: $15.50 Upgrade
05/12/2017 Broker: Scotia Capital Rating: Sector Perform New Target: $18.00 Maintain

The stock decreased 0.48% or $0.06 during the last trading session, reaching $12.35. About 15,290 shares traded. Cascades Inc. (TSE:CAS) has 0.00% since May 29, 2017 and is . It has underperformed by 12.57% the S&P500.

Cascades Inc., together with its subsidiaries, produces, converts, and markets packaging and tissue products in Canada, the United States, and Europe. The company has market cap of $1.17 billion. The firm operates through four divisions: Containerboard, Boxboard Europe, Specialty Products, and Tissue Papers. It has a 2.38 P/E ratio. It makes coated recycled and virgin boxboards, and containerboards, as well as converts corrugated products.

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