CIBC analyst Hamir Patel maintained a Hold rating on Cascades Inc (CADNF) on October 11. The company’s shares closed last Monday at $8.47.
According to TipRanks.com, Patel is a 3-star analyst with an average return of 4.8% and a 43.4% success rate. Patel covers the Basic Materials sector, focusing on stocks such as West Fraser Timber Co Ltd, Interfor Corporation, and Stella-Jones Inc.
Cascades Inc has an analyst consensus of Moderate Buy, with a price target consensus of $10.36.
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Cascades Inc’s market cap is currently $793.4M and has a P/E ratio of 40.71. The company has a Price to Book ratio of 0.69.
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Cascades, Inc. produces, converts and markets packaging and tissue products composed mainly of recycled fibres. It operates through the following segments: Containerboard, Boxboard Europe, Specialty Products and Tissue Papers.