Cascades Inc. (TSE:CAS - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$11.15 and traded as high as C$11.24. Cascades shares last traded at C$10.86, with a volume of 321,086 shares.
Analyst Upgrades and Downgrades
CAS has been the subject of several analyst reports. Royal Bank of Canada raised their target price on Cascades from C$12.00 to C$13.00 and gave the stock a "sector perform" rating in a research report on Friday, December 20th. TD Securities lifted their price objective on Cascades from C$12.00 to C$14.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Scotiabank raised shares of Cascades from a "hold" rating to a "strong-buy" rating and increased their target price for the company from C$12.00 to C$15.50 in a research report on Monday, January 27th. Finally, CIBC raised their price target on shares of Cascades from C$12.00 to C$13.00 in a report on Wednesday, January 15th. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of C$13.25.
View Our Latest Analysis on Cascades
Cascades Stock Down 0.3 %
The firm has a market cap of C$1.05 billion, a price-to-earnings ratio of -14.03, a PEG ratio of 0.56 and a beta of 0.15. The firm has a 50 day moving average of C$12.24 and a 200 day moving average of C$11.18. The company has a quick ratio of 0.86, a current ratio of 1.22 and a debt-to-equity ratio of 121.37.
Cascades Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 20th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.48 annualized dividend and a dividend yield of 4.62%. Cascades's dividend payout ratio is currently -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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