Shares of Cascades Inc. (TSE:CAS - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$9.32 and traded as high as C$9.69. Cascades shares last traded at C$9.67, with a volume of 103,067 shares.
Analyst Ratings Changes
Several analysts recently weighed in on the stock. Royal Bank Of Canada lifted their price objective on shares of Cascades from C$10.00 to C$11.00 and gave the company a "sector perform" rating in a research report on Friday, August 8th. TD Securities lifted their price objective on shares of Cascades from C$9.50 to C$10.00 and gave the stock a "hold" rating in a research note on Friday, August 8th. Finally, Desjardins dropped their target price on shares of Cascades from C$11.00 to C$10.50 and set a "hold" rating on the stock in a research report on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Cascades presently has an average rating of "Hold" and a consensus price target of C$11.33.
Check Out Our Latest Report on Cascades
Cascades Price Performance
The firm has a market cap of C$979.16 million, a P/E ratio of -120.88, a price-to-earnings-growth ratio of 0.56 and a beta of 0.95. 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 50-day moving average is C$9.77 and its 200-day moving average is C$9.32.
Cascades Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, September 4th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 5.0%. The ex-dividend date was Thursday, August 21st. Cascades's payout ratio is currently -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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