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.
View Our Latest Analysis on Cascades
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
(
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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.
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