Analyst Downgrades – Cascades (TSE:CAS) Stock Gets Downgraded By TD Securities from Buy to Hold

ME Staff
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Analyst Ratings For Cascades (TSE:CAS)

Today, Cascades (TSE:CAS) stock was downgraded by TD Securities from Buy to Hold with a price target of C$18.00.

There are 3 hold ratings, 4 buy ratings on the stock.

The current consensus rating on Cascades (TSE:CAS) is Buy (Score: 2.57) with a consensus target price of C$16.63 per share, a potential .

Some recent analyst ratings include

  • 5/11/2017-TD Securities was Downgraded by analysts at TD Securities from a “Buy ” rating to a ” Hold” rating. They now have a C$18.00 price target on the stock.
  • 5/11/2017-National Bank Financial Upgrade from a “Sector Perform ” rating to a ” Outperform” rating.
  • 5/11/2017-Scotiabank was Downgraded by analysts at Scotiabank from a “Outperform ” rating to a ” Sector Perform” rating. They now have a C$17.00 price target on the stock.
  • 4/19/2017-Royal Bank of Canada was Downgraded by analysts at Royal Bank of Canada from a “Outperform ” rating to a ” Sector Perform” rating. They now have a C$16.00 price target on the stock, up previously from C$15.00 .
  • 9/26/2016-Desjardins Upgrade from a “Hold ” rating to a ” Buy” rating.


    About Cascades (TSE:CAS)
    Cascades Inc. (Cascades) 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 (which constitutes the Company’s Packaging Products) and Tissue Papers. The Containerboard segment is a manufacturer of containerboard and converter of corrugated products in North America. The Boxboard Europe segment is engaged in manufacturing coated boxboard in Europe. The Specialty Products Group manufactures industrial packaging, consumer packaging products, and is also involved in recovery and recycling. The Tissue Papers segment operates units that manufacture and convert tissue papers for the Away-from-Home and consumer products markets. In Europe, Cascades operates the La Rochette mill in France that produces coated boxboard made of virgin fiber, with a total annual production capacity of approximately 165,000 metric tons.

    Recent Trading Activity for Cascades (TSE:CAS)
    Shares of Cascades closed the previous trading session at 15.44 down -0.93 -5.68% with 373,087 shares trading hands.