Shares of Cascades Inc. (TSE:CAS - Get Free Report) have received a consensus rating of "Hold" from the six analysts that are presently covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$11.92.
Several brokerages have weighed in on CAS. Scotiabank decreased their price objective on shares of Cascades from C$12.00 to C$11.00 and set a "sector perform" rating on the stock in a research note on Monday, August 12th. Royal Bank of Canada increased their price target on shares of Cascades from C$11.00 to C$12.00 in a research note on Friday, November 8th. CIBC decreased their price target on shares of Cascades from C$11.00 to C$10.50 and set a "neutral" rating on the stock in a research note on Monday, August 12th. Finally, TD Securities increased their price target on shares of Cascades from C$12.00 to C$14.00 and gave the company a "buy" rating in a research note on Friday, November 8th.
Check Out Our Latest Analysis on Cascades
Cascades Price Performance
Cascades stock traded down C$0.06 during trading hours on Thursday, hitting C$12.55. 530,122 shares of the stock were exchanged, compared to its average volume of 223,942. The company has a debt-to-equity ratio of 119.55, a quick ratio of 0.86 and a current ratio of 1.23. The stock has a market capitalization of C$1.27 billion, a P/E ratio of -29.88, a P/E/G ratio of 0.56 and a beta of 0.15. Cascades has a 12 month low of C$8.83 and a 12 month high of C$15.00. The business's 50-day moving average is C$10.93 and its two-hundred day moving average is C$9.92.
Cascades Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, December 5th will be issued a $0.12 dividend. The ex-dividend date is Thursday, November 21st. This represents a $0.48 annualized dividend and a yield of 3.82%. Cascades's dividend payout ratio is currently -114.29%.
Insider Activity at Cascades
In other Cascades news, Senior Officer Luc Langevin sold 3,000 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of C$11.30, for a total value of C$33,900.00. 23.78% of the stock is currently owned by company insiders.
About Cascades
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Get Free ReportCascades 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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