CIBC Lowers Cascades Inc (CAS) Price Target to C$14.00

Cascades Inc (TSE:CAS) had its target price cut by research analysts at CIBC from C$18.00 to C$14.00 in a report issued on Monday. CIBC’s target price would suggest a potential upside of 10.76% from the stock’s current price.

A number of other equities analysts have also commented on CAS. Scotiabank restated a “sector perform” rating and set a C$17.00 price objective on shares of Cascades in a research note on Monday, July 24th. Desjardins lowered their price objective on Cascades from C$17.50 to C$16.00 in a research note on Friday, August 11th. TD Securities lowered their price objective on Cascades from C$18.00 to C$17.00 and set a “hold” rating on the stock in a research note on Friday, August 11th. Royal Bank Of Canada lowered their price objective on Cascades from C$17.00 to C$16.00 and set a “sector perform” rating on the stock in a research note on Friday, August 11th. Finally, National Bank Financial raised their price objective on Cascades from C$19.00 to C$21.00 and gave the stock an “outperform” rating in a research note on Friday, October 13th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of C$16.71.

Cascades (TSE:CAS) opened at C$12.64 on Monday. Cascades has a 52 week low of C$10.95 and a 52 week high of C$18.20.

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About Cascades

Cascades Inc (Cascades) is a Canada-based company that produces, converts and markets packaging and tissue products consisting of recycled fibers. The Company operates through four segments: Containerboard, Boxboard Europe, Specialty Products (which constitutes the Company’s Packaging Products) and Tissue Papers.

Analyst Recommendations for Cascades (TSE:CAS)

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