In a latest note to investors, a research analyst has provided a rating update for the Cascades (CAS). Analyst Leon Aghazarian from National Bank remains bullish on the stock and has a C$12.50 price target.
Aghazarian has an average return of 49.5% when recommending Cascades.
According to TipRanks.com, Aghazarian is ranked #2417 out of 5129 analysts.
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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cascades with a C$13.55 average price target, implying a 34.3% upside from current levels. In a report issued on January 8, RBC Capital also reiterated a Buy rating on the stock with a C$14 price target.
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The company has a one-year high of C$16.67 and a one-year low of C$9.15. Currently, Cascades has an average volume of 205.3K.
Cascades, Inc. produces, converts and markets packaging and tissue products composed mainly of recycled fibres. It operates through the following business segments: Containerboard, Boxboard Europe, Specialty Products and Tissue Papers.
The company’s shares closed on Tuesday at C$10.09, close to its 52-week low of C$9.15.
