TD Securities Upgrades Cascades (TSE:CAS) to Strong-Buy

Cascades (TSE:CAS) was upgraded by TD Securities from a “hold” rating to a “strong-buy” rating in a note issued to investors on Friday,Zacks.com reports.

Several other equities analysts have also weighed in on CAS. Royal Bank Of Canada lifted their price target on Cascades from C$10.00 to C$11.00 and gave the company a “sector perform” rating in a research note on Friday, August 8th. Desjardins cut their price objective on Cascades from C$11.00 to C$10.50 and set a “hold” rating for the company in a research note on Monday, August 11th. Two research analysts have rated the stock with a Strong Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Cascades currently has an average rating of “Moderate Buy” and an average price target of C$11.33.

Cascades Stock Performance

TSE CAS opened at C$10.31 on Friday. The company has a debt-to-equity ratio of 121.37, a quick ratio of 0.86 and a current ratio of 1.22. Cascades has a fifty-two week low of C$8.30 and a fifty-two week high of C$13.42. The stock has a 50-day simple moving average of C$9.79 and a two-hundred day simple moving average of C$9.32. The firm has a market capitalization of C$1.04 billion, a P/E ratio of -128.88, a PEG ratio of 0.56 and a beta of 0.95.

About Cascades

Cascades Inc, along with its subsidiaries, produces, converts and markets packaging and tissue products composed mainly of recycled fibres. The company is organized into four main business segments: Containerboard, Boxboard Europe, Specialty Products (which constitutes packaging products), and Tissue Papers.