Cascades Inc (OTCMKTS:CADNF) has earned an average recommendation of “Buy” from the six brokerages that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $13.00.
A number of analysts recently issued reports on the company. TD Securities set a $13.00 target price on Cascades and gave the company a “hold” rating in a research report on Friday, October 18th. CIBC reaffirmed a “hold” rating on shares of Cascades in a research report on Wednesday, October 16th.
Shares of OTCMKTS:CADNF traded down $0.47 during midday trading on Thursday, hitting $9.70. The company had a trading volume of 4,210 shares, compared to its average volume of 5,536. The firm has a fifty day simple moving average of $9.02 and a 200 day simple moving average of $8.26. Cascades has a 12 month low of $5.78 and a 12 month high of $10.20.
Cascades Inc produces, converts, and markets packaging and tissue products in Canada, the United States, and internationally. The company operates through four segments: Containerboard, Boxboard Europe, Specialty Products, and Tissue Papers. It offers containerboards, and coated recycled and virgin boxboards, as well as converts corrugated products.
Further Reading: Gross Domestic Product (GDP)
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