Cascades (CAS) Price Target Lowered to C$13.00 at Royal Bank of Canada

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Cascades (TSE:CAS) had its price target lowered by Royal Bank of Canada from C$14.00 to C$13.00 in a research note published on Wednesday. The brokerage currently has an outperform rating on the stock.

Several other analysts have also recently issued reports on the company. National Bank Financial dropped their target price on Cascades from C$18.00 to C$16.00 and set an outperform rating on the stock in a research report on Tuesday, October 23rd. TD Securities cut Cascades from a buy rating to a hold rating and dropped their target price for the company from C$14.00 to C$12.00 in a research report on Monday, January 7th. Desjardins dropped their target price on Cascades from C$15.00 to C$14.00 in a research report on Tuesday, January 29th. Finally, CIBC dropped their target price on Cascades from C$12.00 to C$11.00 in a research report on Monday, January 14th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Cascades presently has a consensus rating of Buy and an average price target of C$13.17.

Shares of TSE CAS opened at C$10.04 on Wednesday. The company has a current ratio of 1.53, a quick ratio of 0.91 and a debt-to-equity ratio of 98.28. The firm has a market cap of $936.93 million and a price-to-earnings ratio of 5.43. Cascades has a 12-month low of C$9.15 and a 12-month high of C$16.67.

In other Cascades news, insider Laurent Lemaire acquired 2,660 shares of the stock in a transaction dated Thursday, December 6th. The stock was purchased at an average price of C$12.28 per share, with a total value of C$32,664.80.

Cascades Company Profile

Cascades Inc produces, converts, and markets packaging and tissue products in Canada, the United States, and internationally. The company operates through four segments: Containerboard, Boxboard Europe, Specialty Products, and Tissue Papers. It offers containerboards, and coated recycled and virgin boxboards, as well as converts corrugated products.

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