Cascades (TSE:CAS) Price Target Raised to C$14.00 at Royal Bank of Canada
Cascades (TSE:CAS) had its price target raised by analysts at Royal Bank of Canada from C$12.00 to C$14.00 in a research note issued on Tuesday, BayStreet.CA reports. Royal Bank of Canada’s price objective indicates a potential upside of 17.55% from the stock’s previous close.
Several other research firms have also issued reports on CAS. TD Securities increased their target price on TeraGo from C$11.50 to C$12.00 and gave the stock a “hold” rating in a research note on Wednesday, July 3rd. National Bank Financial raised Cascades to a “buy” rating in a research note on Wednesday, July 3rd. Finally, CIBC increased their target price on NorthWest Health Prop Real Est Inv Trust from C$11.75 to C$12.00 in a research note on Monday, May 13th.
Shares of TSE CAS traded up C$0.07 during mid-day trading on Tuesday, reaching C$11.91. 102,298 shares of the company’s stock were exchanged, compared to its average volume of 220,054. The firm has a market capitalization of $1.10 billion and a price-to-earnings ratio of 58.32. The company has a debt-to-equity ratio of 119.03, a current ratio of 1.43 and a quick ratio of 0.80. Cascades has a 52-week low of C$7.55 and a 52-week high of C$13.94. The stock’s 50-day moving average is C$10.10.
Cascades Company Profile
Cascades Inc produces, converts, and markets packaging and tissue products in Canada, the United States, and internationally. The company operates through four segments: Containerboard, Boxboard Europe, Specialty Products, and Tissue Papers. It offers containerboards, and coated recycled and virgin boxboards, as well as converts corrugated products.
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