Cascades Inc. (TSE:CAS - Get Free Report) Senior Officer Luc Langevin sold 9,000 shares of Cascades stock in a transaction on Thursday, March 27th. The shares were sold at an average price of C$9.82, for a total value of C$88,380.00.
Cascades Stock Down 0.2 %
Shares of TSE CAS traded down C$0.02 during trading on Monday, hitting C$9.70. 317,447 shares of the company traded hands, compared to its average volume of 235,751. The business's fifty day moving average is C$11.59 and its 200 day moving average is C$11.29. The firm has a market capitalization of C$981.17 million, a price-to-earnings ratio of -13.08, a P/E/G ratio of 0.56 and a beta of 0.15. The company has a debt-to-equity ratio of 121.37, a quick ratio of 0.86 and a current ratio of 1.22. Cascades Inc. has a fifty-two week low of C$8.83 and a fifty-two week high of C$13.42.
Cascades Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 20th were paid a dividend of $0.12 per share. The ex-dividend date was Thursday, March 6th. This represents a $0.48 dividend on an annualized basis and a yield of 4.95%. Cascades's dividend payout ratio (DPR) is presently -64.73%.
Analyst Ratings Changes
A number of research firms have commented on CAS. Royal Bank of Canada upped their price target on Cascades from C$12.00 to C$13.00 and gave the company a "sector perform" rating in a research report on Friday, December 20th. CIBC lifted their price objective on Cascades from C$12.00 to C$13.00 in a research report on Wednesday, January 15th. Finally, Scotiabank raised Cascades from a "hold" rating to a "strong-buy" rating and raised their target price for the stock from C$12.00 to C$15.50 in a research note on Monday, January 27th.
Check Out Our Latest Stock Report on CAS
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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