Cascades Inc. (TSE:CAS - Get Free Report) has been assigned a consensus rating of "Hold" from the six brokerages that are presently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$12.08.
CAS has been the subject of a number of analyst reports. Royal Bank of Canada lifted their target price on shares of Cascades from C$12.00 to C$13.00 and gave the company a "sector perform" rating in a research note on Friday, December 20th. TD Securities upped their price objective on shares of Cascades from C$12.00 to C$14.00 and gave the stock a "buy" rating in a report on Friday, November 8th.
Check Out Our Latest Stock Report on CAS
Insider Activity at Cascades
In other news, Senior Officer Luc Langevin sold 3,000 shares of the company's stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of C$11.30, for a total transaction of C$33,900.00. 23.78% of the stock is currently owned by company insiders.
Cascades Stock Up 0.5 %
Shares of CAS traded up C$0.06 during midday trading on Monday, reaching C$11.86. 114,816 shares of the stock were exchanged, compared to its average volume of 220,561. The company has a market cap of C$1.20 billion, a price-to-earnings ratio of -28.24, a P/E/G ratio of 0.56 and a beta of 0.15. The firm has a 50 day simple moving average of C$11.44 and a 200-day simple moving average of C$10.18. Cascades has a 12-month low of C$8.83 and a 12-month high of C$15.00. The company has a quick ratio of 0.86, a current ratio of 1.23 and a debt-to-equity ratio of 119.55.
Cascades Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, December 5th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 4.05%. The ex-dividend date was Thursday, November 21st. Cascades's dividend payout ratio is currently -114.29%.
Cascades Company Profile
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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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