Royal Bank of Canada Boosts Cascades (OTCMKTS:CADNF) Price Target to $17.00

Cascades (OTCMKTS:CADNF) had its target price hoisted by Royal Bank of Canada from $15.00 to $17.00 in a research note released on Monday, The Fly reports. The firm currently has a sector perform rating on the stock.

A number of other equities analysts have also recently weighed in on the company. TD Securities upped their price target on Cascades from $16.50 to $18.00 and gave the stock a hold rating in a report on Friday, August 7th. CIBC upgraded Cascades from a neutral rating to an outperform rating in a report on Monday, September 28th. Scotiabank upped their target price on Cascades from $16.00 to $18.00 and gave the company a sector perform rating in a research report on Friday, October 23rd. Finally, National Bank Financial raised Cascades from a sector perform rating to an outperform rating in a research report on Friday, September 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The company has an average rating of Hold and a consensus price target of $18.63.

OTCMKTS CADNF opened at $10.77 on Monday. Cascades has a fifty-two week low of $7.27 and a fifty-two week high of $12.81. The business has a 50 day moving average price of $11.41 and a two-hundred day moving average price of $10.80.

About Cascades

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.

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