Cascades Inc. (TSE:CAS - Get Free Report)'s stock price hit a new 52-week low during trading on Thursday . The stock traded as low as C$8.72 and last traded at C$8.83, with a volume of 188132 shares changing hands. The stock had previously closed at C$8.94.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on the company. TD Securities reduced their price target on Cascades from C$16.00 to C$12.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. National Bankshares reduced their price target on shares of Cascades from C$14.00 to C$11.00 and set a "sector perform" rating for the company in a research report on Thursday, April 24th. CIBC cut their price target on shares of Cascades from C$13.00 to C$10.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Scotiabank raised shares of Cascades from a "hold" rating to a "strong-buy" rating and upped their price objective for the company from C$12.00 to C$15.50 in a research note on Monday, January 27th. Finally, Royal Bank of Canada cut their price target on Cascades from C$13.00 to C$11.00 and set a "sector perform" rating on the stock in a research note on Tuesday, April 22nd. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of C$11.90.
View Our Latest Research Report on CAS
Cascades Trading Up 1.4 %
The company has a 50-day moving average price of C$9.79 and a 200-day moving average price of C$11.14. The company has a market capitalization of C$905.30 million, a price-to-earnings ratio of -12.07, a P/E/G ratio of 0.56 and a beta of 0.15. The company has a quick ratio of 0.86, a current ratio of 1.22 and a debt-to-equity ratio of 121.37.
Cascades Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 20th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $0.48 annualized dividend and a dividend yield of 5.36%. Cascades's dividend payout ratio (DPR) is presently -64.73%.
Insiders Place Their Bets
In other Cascades news, Senior Officer Luc Langevin sold 9,000 shares of the stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of C$9.82, for a total value of C$88,380.00. Insiders own 23.78% of the company's stock.
About Cascades
(
Get Free Report)
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.
Further Reading
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