Cascades Inc (OTCMKTS:CADNF)’s stock price rose 1.7% during mid-day trading on Monday . The company traded as high as $10.39 and last traded at $10.36, approximately 500 shares were traded during mid-day trading. A decline of 73% from the average daily volume of 1,862 shares. The stock had previously closed at $10.19.
CADNF has been the topic of a number of research reports. National Bank Financial downgraded Cascades from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, April 14th. Royal Bank of Canada downgraded Cascades from an “outperform” rating to a “sector perform” rating in a research note on Thursday, April 16th. TD Securities lifted their target price on Cascades from $12.50 to $14.50 and gave the stock a “hold” rating in a report on Friday, May 8th. Finally, CIBC dropped their target price on Cascades from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Monday, May 11th. Five equities research analysts have rated the stock with a hold rating, Cascades currently has a consensus rating of “Hold” and a consensus target price of $14.25.
The stock has a fifty day moving average price of $9.77 and a 200 day moving average price of $9.09.
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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