Cascades (TSE:CAS) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Cascades (TSE:CAS) had its price objective lifted by analysts at Royal Bank of Canada from C$12.00 to C$13.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank of Canada’s target price would suggest a potential upside of 13.34% from the company’s previous close.

Separately, TD Securities increased their price objective on Cascades from C$12.00 to C$14.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of C$12.08.

Cascades Stock Performance

TSE:CAS opened at C$11.47 on Friday. The firm has a market capitalization of C$1.16 billion, a PE ratio of -27.31, a price-to-earnings-growth ratio of 0.56 and a beta of 0.15. The company has a quick ratio of 0.86, a current ratio of 1.23 and a debt-to-equity ratio of 119.55. Cascades has a 12-month low of C$8.83 and a 12-month high of C$15.00. The firm has a 50-day moving average price of C$11.29 and a 200 day moving average price of C$10.08.

Insider Buying and Selling

In related news, Senior Officer Luc Langevin sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of C$11.30, for a total value of C$33,900.00. 23.78% of the stock is owned by corporate insiders.

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.