Cascades Inc. (TSE:CAS) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Cascades Inc. (TSE:CAS) have received a consensus rating of “Moderate Buy” from the five brokerages that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$13.25.

CAS has been the topic of several research analyst reports. Royal Bank of Canada boosted their target price on Cascades from C$12.00 to C$13.00 and gave the company a “sector perform” rating in a research note on Friday, December 20th. TD Securities boosted their target price on Cascades from C$12.00 to C$14.00 and gave the company a “buy” rating in a research note on Friday, November 8th. CIBC upped their price target on Cascades from C$12.00 to C$13.00 in a research note on Wednesday, January 15th. Finally, Scotiabank raised Cascades from a “hold” rating to a “strong-buy” rating and upped their price target for the stock from C$12.00 to C$15.50 in a research note on Monday, January 27th.

Cascades Price Performance

CAS opened at C$11.44 on Tuesday. The company has a debt-to-equity ratio of 121.37, a quick ratio of 0.86 and a current ratio of 1.22. Cascades has a 52-week low of C$8.83 and a 52-week high of C$13.42. The stock has a market capitalization of C$1.16 billion, a PE ratio of -15.43, a price-to-earnings-growth ratio of 0.56 and a beta of 0.15. The stock’s 50 day moving average price is C$12.34 and its 200-day moving average price is C$11.08.

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.