In a new note to investors yesterday, an analyst has provided a rating update for the Consumer Goods sector company, Cascades (CAS). Analyst Benoit Laprade from Scotiabank rated Cascades (CAS) a Buy, setting a C$12.50 price target.
According to TipRanks.com, Laprade is a 1-star analyst with an average return of -0.5% and a 57.7% success rate. Laprade covers the Basic Materials sector, focusing on stocks such as West Fraser Timber Co Ltd, Louisiana-Pacific, and Cascades Inc.
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Cascades has an analyst consensus of Strong Buy, with a price target consensus of C$12.60, representing a 43.0% upside. 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 217.7K.
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 Thursday at C$8.81.
