Cascades Inc (TSE:CAS) had its target price raised by stock analysts at Royal Bank Of Canada from C$12.00 to C$14.00 in a report released on Thursday, StockTargetPrices.com reports. Royal Bank Of Canada’s target price suggests a potential upside of 9.55% from the company’s current price.
CAS has been the topic of a number of other research reports. CIBC raised Cascades from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the stock from C$8.00 to C$12.00 in a report on Monday, August 29th. Scotiabank upped their price objective on Cascades from C$12.75 to C$14.75 and gave the stock an “outperform” rating in a report on Wednesday, September 28th. Desjardins reiterated a “hold” rating on shares of Cascades in a research report on Friday, September 16th. TD Securities boosted their target price on Cascades from C$12.50 to C$13.50 and gave the stock a “buy” rating in a research report on Tuesday, September 6th. Finally, RBC Capital Markets boosted their target price on Cascades from C$11.00 to C$15.00 in a research report on Friday, September 23rd. Six equities research analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and a consensus target price of C$14.03.
Shares of Cascades (TSE:CAS) opened at 12.78 on Thursday. Cascades has a 12 month low of $7.72 and a 12 month high of $13.65. The company’s 50 day moving average price is $11.51 and its 200-day moving average price is $9.81. The firm has a market capitalization of $1.21 billion and a P/E ratio of 21.62.
Cascades Company Profile