Cascades (CAS), the Consumer Goods sector company, has received a rating update from a Wall Street analyst today. Analyst Leon Aghazarian from National Bank rated Cascades (CAS) a Buy, setting a C$11 price target.
Aghazarian has an average return of 22.2% when recommending Cascades.
According to TipRanks.com, Aghazarian is ranked #3690 out of 5224 analysts.
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The word on The Street in general, suggests a Strong Buy analyst consensus rating for Cascades with a C$12.30 average price target, which is a 41.5% upside from current levels. In a report issued on February 19, RBC Capital also reiterated a Buy rating on the stock with a C$13 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 215.8K.
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 Friday at C$8.69.
