Cascades (CAS), the Consumer Goods sector company, has received a rating update from a Wall Street analyst today. Analyst Keith Howlett from Desjardins reiterated a Buy rating, with a C$12 price target.
According to TipRanks.com, Howlett is a 3-star analyst with an average return of 2.4% and a 56.9% success rate. Howlett covers the Services sector, focusing on stocks such as Loblaw Companies Limited, Canadian Tire Corp Ltd, and Dollarama Inc.
Read also: Kraft Heinz (KHC): There Goes the Buy Rating, Merrill Lynch Downgrades the Stock
Currently, the analyst consensus on Cascades is a Strong Buy with an average price target of C$11.90, which is a 36.5% 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.
.
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$8.72, close to its 52-week low of C$8.46.
