Cascades Inc. (TSE:CAS - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$10.95 and traded as high as C$12.75. Cascades shares last traded at C$12.59, with a volume of 102,893 shares.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on CAS. CIBC boosted their target price on shares of Cascades from C$12.00 to C$13.00 in a report on Wednesday, January 15th. TD Securities upped their price target on shares of Cascades from C$12.00 to C$14.00 and gave the company a "buy" rating in a report on Friday, November 8th. Scotiabank upgraded shares of Cascades from a "hold" rating to a "strong-buy" rating and upped their price target for the company from C$12.00 to C$15.50 in a report on Monday, January 27th. Finally, Royal Bank of Canada upped their price target on shares of Cascades from C$12.00 to C$13.00 and gave the company a "sector perform" rating in a report on Friday, December 20th. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of C$13.25.
View Our Latest Stock Report on Cascades
Cascades Trading Up 2.0 %
The company has a market capitalization of C$1.30 billion, a price-to-earnings ratio of -17.32, a P/E/G ratio of 0.56 and a beta of 0.15. 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 company's 50 day simple moving average is C$12.34 and its two-hundred day simple moving average is C$11.02.
Cascades Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, December 5th were issued a $0.12 dividend. The ex-dividend date was Thursday, November 21st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.74%. Cascades's dividend payout ratio is currently -64.73%.
Cascades Company Profile
(
Get Free Report)
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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