Cascades Inc. (TSE:CAS) Receives Average Rating of “Moderate Buy” from Brokerages

Cascades Inc. (TSE:CAS) has been assigned a consensus recommendation of “Moderate Buy” from the five research firms that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$13.25.

CAS has been the subject of a number of research analyst reports. Scotiabank raised Cascades from a “hold” rating to a “strong-buy” rating and lifted their target price for the stock from C$12.00 to C$15.50 in a report on Monday, January 27th. Royal Bank of Canada boosted their target price on Cascades from C$12.00 to C$13.00 and gave the stock a “sector perform” rating in a research report on Friday, December 20th. CIBC upped their target price on shares of Cascades from C$12.00 to C$13.00 in a research note on Wednesday, January 15th. Finally, TD Securities upped their target price on shares of Cascades from C$12.00 to C$14.00 and gave the company a “buy” rating in a research note on Friday, November 8th.

Cascades Price Performance

Shares of CAS opened at C$11.44 on Tuesday. Cascades has a twelve month low of C$8.83 and a twelve month high of C$13.42. The company has a market capitalization of C$1.16 billion, a P/E ratio of -15.43, a price-to-earnings-growth ratio of 0.56 and a beta of 0.15. The firm has a 50 day moving average of C$12.34 and a 200 day moving average of C$11.08. The company has a quick ratio of 0.86, a current ratio of 1.22 and a debt-to-equity ratio of 121.37.

About Cascades

Cascades Inc produces, converts, and markets packaging and tissue products in Canada and the United States. The company operates through three segments: Containerboard, Specialty Products, and Tissue Papers. It offers various packaging solutions and tissue products comprised of recycled fibers; tissue papers, comprising parent rolls of virgin and recycled fibres; specialty products, including uncoated recycled boxboards; and containerboards.