Scotiabank Trims Cascades (OTCMKTS:CADNF) Target Price to C$21.00

Cascades (OTCMKTS:CADNF) had its target price reduced by Scotiabank from C$22.00 to C$21.00 in a research report report published on Wednesday morning, The Fly reports.

A number of other analysts have also commented on CADNF. TD Securities lowered shares of Cascades to a hold rating and set a $15.00 target price for the company. in a report on Wednesday, December 29th. Desjardins decreased their price target on shares of Cascades from C$19.00 to C$17.00 and set a buy rating for the company in a report on Monday, November 15th. CIBC decreased their price target on shares of Cascades from C$17.00 to C$15.00 in a report on Monday, January 10th. Finally, National Bank Financial boosted their price target on shares of Cascades from C$19.00 to C$20.50 and gave the company an outperform rating in a report on Friday, December 3rd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of Buy and a consensus target price of $18.36.

CADNF opened at $10.82 on Wednesday. The company has a fifty day moving average price of $11.00 and a two-hundred day moving average price of $11.86. Cascades has a 52 week low of $10.00 and a 52 week high of $14.66.

About Cascades

Cascades, Inc produces, converts and markets packaging and tissue products composed mainly of recycled fibres. It operates through the following segments: Industrial Packaging and Consumer Product Packaging. The Industrial Packaging segment is active in specialty containers, structural components and paperboard, fibre composites and protective packaging markets.

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