Shares of Cascades Inc (TSE:CAS) have earned an average recommendation of “Hold” from the seven ratings firms that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$11.08.

Shares of Cascades (TSE:CAS) opened at 10.52 on Wednesday. Cascades has a 52 week low of $6.49 and a 52 week high of $13.65. The stock has a 50 day moving average price of $12.43 and a 200-day moving average price of $9.92. The firm’s market capitalization is $994.78 million.

In other news, Director Jean Jobin sold 58,103 shares of the company’s stock in a transaction on Tuesday, December 22nd. The stock was sold at an average price of C$12.55, for a total transaction of C$729,192.65. Also, insider Bernard Lemaire sold 1,000,000 shares of the company’s stock in a transaction on Friday, November 20th. The shares were sold at an average price of C$9.75, for a total value of C$9,750,000.00.

A number of research analysts have commented on the company. TD Securities lowered Cascades from a “buy” rating to a “hold” rating and upped their price objective for the company from C$12.00 to C$14.00 in a report on Wednesday, January 13th. National Bank Financial lowered Cascades from an “outperform” rating to a “sector perform” rating in a report on Tuesday. Dundee Securities decreased their price objective on Cascades from C$15.00 to C$13.00 in a report on Wednesday. Finally, RBC Capital upped their price objective on Cascades from C$9.00 to C$10.00 and gave the company a “sector perform” rating in a report on Thursday, November 12th.

Cascades Inc. (TSE:CAS) is a Canada-based company that produces, converts and markets packaging and tissue products consisting of recycled fibers. The Company operates through four segments: Containerboard, Boxboard Europe, Specialty Products and Tissue Papers. The Containerboard segment offers corrugated packaging containers, corrugated sheets and specialty packaging. The Boxboard Europe segment offers coated virgin boxboard, coated recycled boxboard and recycled linerboard. The Specialty Products segment consists of various packaging products, such as industrial packaging that include uncoated board, papermill packaging, honeycomb packaging and laminated boards; consumer products packaging, such as molded pulp products and plastic products, and other products, such as backing for vinyl flooring and deinked pulp. The Tissue Papers segment offers parent rolls, paper towels, paper hand towels, bathroom tissue, facial tissue, paper napkins and industrial wipes.

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