Cascades Inc. (TSE:CAS - Get Free Report) shares reached a new 52-week low on Friday after National Bankshares lowered their price target on the stock from C$14.00 to C$11.00. National Bankshares currently has a sector perform rating on the stock. Cascades traded as low as C$8.80 and last traded at C$8.82, with a volume of 30557 shares. The stock had previously closed at C$8.90.
Several other research analysts have also issued reports on the stock. TD Securities decreased their price target on shares of 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. Royal Bank of Canada cut their target price on Cascades from C$13.00 to C$11.00 and set a "sector perform" rating on the stock in a research report on Tuesday, April 22nd. CIBC decreased their price target on Cascades from C$13.00 to C$10.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. Finally, Scotiabank raised Cascades from a "hold" rating to a "strong-buy" rating and lifted their price target for the stock from C$12.00 to C$15.50 in a research note on Monday, January 27th. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of C$11.90.
Get Our Latest Analysis on Cascades
Insider Activity at Cascades
In other Cascades news, Senior Officer Luc Langevin sold 9,000 shares of the stock in a transaction that occurred 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. 23.78% of the stock is owned by insiders.
Cascades Price Performance
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 price is C$10.03 and its two-hundred day moving average price is C$11.19. The firm has a market capitalization of C$894.18 million, a price-to-earnings ratio of -11.92, a P/E/G ratio of 0.56 and a beta of 0.15.
Cascades Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 20th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.43%. The ex-dividend date of this dividend was Thursday, March 6th. Cascades's dividend payout ratio (DPR) is presently -64.73%.
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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