Cascades (OTCMKTS:CADNF) PT Lowered to C$17.00 at BMO Capital Markets

Cascades (OTCMKTS:CADNF – Get Rating) had its price target reduced by BMO Capital Markets from C$20.00 to C$17.00 in a research note released on Friday, The Fly reports.

CADNF has been the subject of a number of other research reports. Desjardins lowered Cascades from a buy rating to a hold rating in a research note on Wednesday, February 2nd. National Bank Financial reduced their price objective on Cascades from C$18.00 to C$14.00 in a research note on Friday. Royal Bank of Canada reduced their price objective on Cascades from C$17.00 to C$15.00 in a research note on Friday. Finally, TD Securities reduced their price objective on Cascades from C$14.00 to C$10.50 in a research note on Friday. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of Buy and a consensus price target of $15.64.

CADNF traded up $0.58 on Friday, reaching $7.60. 1,680 shares of the stock were exchanged, compared to its average volume of 1,898. The company’s 50-day moving average price is $10.10 and its 200 day moving average price is $10.53. Cascades has a fifty-two week low of $7.02 and a fifty-two week high of $13.40.

About Cascades (Get Rating)

Cascades Inc produces, converts, and markets packaging and tissue products in Canada and the United States. The company operates through three segments: Containerboard, Specialty Products, and Tissue Papers. It manufactures containerboards, as well as converts corrugated products. The company also offers uncoated recycled paperboards for use in packaging converters and industrial users of headers and wrappers for the paper industry, as well as partitions that are used as protective packaging; honeycomb paperboards for the beer, wine, and spirits industry; laminated paperboards for food packaging and furniture backing industries; and specialty containers, structural components, and paperboard and fiber composites.

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