Yesterday, an analyst has provided a rating update for the Consumer Goods sector company, Cascades (CAS). The company received a Hold rating from CIBC’s analyst Hamir Patel, with a C$11 price target.
According to TipRanks.com, Patel is a 4-star analyst with an average return of 6.2% and a 50.0% success rate. Patel covers the Basic Materials sector, focusing on stocks such as West Fraser Timber Co Ltd, Cascades Inc, and Norbord Inc.
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Currently, the analyst consensus on Cascades is a Strong Buy with an average price target of C$12.85.
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 191.4K.
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$10.09, close to its 52-week low of C$9.15.
