Cascades Inc. (OTCMKTS: CADNF – Get Rating) has been awarded a consensus recommendation of “Hold” by the seven research firms that cover the company, reports Marketbeat.com. An investment analyst rated the stock with a hold recommendation. The 12-month average price target among brokers who have reported on the stock in the past year is $15.42.
Several equity research analysts have recently commented on the stock. Desjardins downgraded shares of Cascades from a “buy” rating to a “hold” rating in a Wednesday, Feb. 2 research note. TD Securities lowered its price target on Cascades from C$14.00 to C$10.50 in a research note on Friday. National Bank Financial cut its price target on Cascades from CA$18.00 to CA$14.00 in a research note on Friday. Royal Bank of Canada lowered its target price on Cascades from C$17.00 to C$15.00 in a research report on Friday. Finally, BMO Capital Markets cut its price target on Cascades shares from C$20.00 to C$17.00 in a research report released Friday.
CADNF stock opened at $7.60 on Friday. Cascades has a 52-week low of $7.02 and a 52-week high of $13.40. The company has a 50-day moving average of $10.10 and a 200-day moving average of $10.52.
Cascades Company Profile (Get an evaluation)
Cascades Inc produces, processes and markets packaging and tissue paper products in Canada and the United States. The company operates through three segments: containerboard, specialty products and tissue papers. It manufactures boxboard and converts products into corrugated cardboard. The company also offers uncoated recycled paperboard for packaging converters and industrial users of letterheads and packaging for the paper industry, as well as partitions for use as protective packaging; honeycomb cartons for the beer, wine and spirits industry; laminated paperboard for the food packaging and furniture support industries; and specialty containers, structural components, and paperboard and fiber composites.
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