Cascades Inc (CADNF) Receives a New Rating from CIBC
Cascades Inc (CADNF) received a Hold rating and a $11 price target from CIBC analyst Hamir Patel on September 13. The company’s shares closed last Monday at $9.20.
According to TipRanks.com, Patel is a 4-star analyst with an average return of 5.6% and a 46.2% success rate. Patel covers the Basic Materials sector, focusing on stocks such as West Fraser Timber Co Ltd, Interfor Corporation, and Stella-Jones Inc.
Currently, the analyst consensus on Cascades Inc is a Moderate Buy with an average price target of $10.25.
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Cascades Inc’s market cap is currently $861.6M and has a P/E ratio of 44.21. The company has a Price to Book ratio of 0.75.
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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.