CIBC Increases Cascades (TSE:CAS) Price Target to C$13.00

Cascades (TSE:CAS) had its price target upped by equities researchers at CIBC from C$12.00 to C$13.00 in a research note issued on Wednesday,BayStreet.CA reports. CIBC’s target price indicates a potential upside of 5.18% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. TD Securities boosted their target price on shares of Cascades from C$12.00 to C$14.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Royal Bank of Canada increased their price target on Cascades from C$12.00 to C$13.00 and gave the stock a “sector perform” rating in a research note on Friday, December 20th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of C$12.50.

Cascades Trading Up 3.0 %

Shares of Cascades stock traded up C$0.36 on Wednesday, hitting C$12.36. 213,652 shares of the company’s stock traded hands, compared to its average volume of 153,232. The company has a market capitalization of C$1.25 billion, a price-to-earnings ratio of -29.43, a price-to-earnings-growth ratio of 0.56 and a beta of 0.15. The company has a fifty day moving average of C$11.74 and a two-hundred day moving average of C$10.40. The company has a debt-to-equity ratio of 119.55, a current ratio of 1.23 and a quick ratio of 0.86. Cascades has a one year low of C$8.83 and a one year high of C$15.00.

Insider Buying and Selling at Cascades

In related news, Senior Officer Luc Langevin sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of C$11.30, for a total transaction of C$33,900.00. Company insiders own 23.78% of the company’s stock.

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.