Cascades (TSE:CAS) was upgraded by equities researchers at TD Securities from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has a C$11.50 price target on the stock, up from their previous price target of C$11.00. TD Securities’ target price suggests a potential upside of 15.69% from the company’s previous close.
CAS has been the subject of a number of other reports. National Bank Financial cut their price objective on Cascades from C$12.50 to C$11.00 and set an “outperform” rating for the company in a research report on Friday, March 1st. CIBC downgraded Cascades from an “outperform” rating to a “neutral” rating in a research report on Monday, February 25th. Finally, Royal Bank of Canada cut their price objective on Cascades from C$14.00 to C$13.00 and set an “outperform” rating for the company in a research report on Wednesday, February 20th.
Shares of TSE:CAS traded up C$1.01 during midday trading on Wednesday, reaching C$9.94. 417,108 shares of the company’s stock were exchanged, compared to its average volume of 221,454. The company has a current ratio of 1.43, a quick ratio of 0.80 and a debt-to-equity ratio of 119.03. The company has a market capitalization of $886.71 million and a price-to-earnings ratio of 49.21. Cascades has a fifty-two week low of C$7.55 and a fifty-two week high of C$13.94.
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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