Cascades (TSE:CAS - Free Report) had its price target trimmed by Royal Bank of Canada from C$13.00 to C$11.00 in a research report report published on Tuesday,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.
Several other equities research analysts also recently weighed in on CAS. CIBC lifted their price target on shares of Cascades from C$12.00 to C$13.00 in a research note on Wednesday, January 15th. Scotiabank upgraded Cascades from a "hold" rating to a "strong-buy" rating and increased their price target for the stock from C$12.00 to C$15.50 in a report on Monday, January 27th. Finally, TD Securities reduced their price objective on Cascades from C$16.00 to C$12.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Cascades has an average rating of "Moderate Buy" and a consensus target price of C$11.90.
Read Our Latest Research Report on Cascades
Cascades Trading Down 0.7 %
CAS traded down C$0.06 during trading on Tuesday, hitting C$8.84. The company's stock had a trading volume of 135,183 shares, compared to its average volume of 224,446. The firm has a market capitalization of C$894.18 million, a P/E ratio of -11.92, a PEG ratio of 0.56 and a beta of 0.15. Cascades has a twelve month low of C$8.80 and a twelve month high of C$13.42. The company has a quick ratio of 0.86, a current ratio of 1.22 and a debt-to-equity ratio of 121.37. The stock's fifty day moving average price is C$10.03 and its 200-day moving average price is C$11.19.
Cascades Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 20th were issued a $0.12 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.43%. Cascades's dividend payout ratio is presently -64.73%.
Insider Activity at Cascades
In other news, Senior Officer Luc Langevin sold 9,000 shares of Cascades stock in a transaction on Thursday, March 27th. The stock was sold at an average price of C$9.82, for a total transaction of C$88,380.00. 23.78% of the stock is currently owned by insiders.
About Cascades
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Cascades Inc produces, converts, and markets packaging and tissue products in Canada and the United States. The company operates through three segments: Containerboard, Specialty Products, and Tissue Papers. It offers various packaging solutions and tissue products comprised of recycled fibers; tissue papers, comprising parent rolls of virgin and recycled fibres; specialty products, including uncoated recycled boxboards; and containerboards.
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