Brokerages Set Cascades Inc. (TSE:CAS) Target Price at C$11.33

Key Points

• Cascades Inc. has an average analyst rating of "Hold", with six analysts covering the stock, including five hold ratings and one strong buy.
• The average 12-month price target set by analysts is C$11.33, with recent adjustments including a decrease by Desjardins and increases by Royal Bank of Canada and TD Securities.
• The company recently declared a quarterly dividend of $0.12 per share, reflecting a yield of 4.9%, although their dividend payout ratio is negative at -600.00%.

Shares of Cascades Inc. (TSE:CAS - Get Free Report) have earned a consensus rating of "Hold" from the six ratings firms that are currently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$11.33.

A number of brokerages have commented on CAS. Royal Bank Of Canada lifted their price objective on shares of Cascades from C$10.00 to C$11.00 and gave the stock a "sector perform" rating in a research note on Friday, August 8th. Desjardins dropped their price target on shares of 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. Finally, TD Securities boosted their price objective on shares of Cascades from C$9.50 to C$10.00 and gave the company a "hold" rating in a research report on Friday, August 8th.

Cascades Price Performance

Shares of TSE:CAS traded up C$0.06 on Friday, reaching C$9.95. The company's stock had a trading volume of 22,122 shares, compared to its average volume of 233,227. Cascades has a 52-week low of C$8.30 and a 52-week high of C$13.42. The company has a market cap of C$1.01 billion, a P/E ratio of -124.38, a PEG ratio of 0.56 and a beta of 1.08. The company has a 50-day simple moving average of C$9.52 and a 200 day simple moving average of C$9.45. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, September 4th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend was Thursday, August 21st. Cascades's payout ratio is -600.00%.

Cascades Company Profile

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.