Cascades Inc. (TSE:CAS) Receives C$11.92 Consensus Target Price from Analysts

Shares of Cascades Inc. (TSE:CAS) have received an average rating of “Hold” from the six ratings firms that are presently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$11.92.

Several equities research analysts recently weighed in on the stock. Royal Bank of Canada increased their target price on shares of Cascades from C$11.00 to C$12.00 in a research note on Friday, November 8th. CIBC decreased their price objective on Cascades from C$11.00 to C$10.50 and set a “neutral” rating on the stock in a report on Monday, August 12th. TD Securities upped their target price on Cascades from C$12.00 to C$14.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Scotiabank decreased their price target on shares of Cascades from C$12.00 to C$11.00 and set a “sector perform” rating on the stock in a research note on Monday, August 12th.

Insider Activity

In related news, Senior Officer Luc Langevin sold 3,000 shares of the firm’s stock in a transaction 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 owned by corporate insiders.

Cascades Trading Down 1.2 %

Shares of CAS stock opened at C$11.01 on Friday. The company has a current ratio of 1.23, a quick ratio of 0.86 and a debt-to-equity ratio of 119.55. Cascades has a 1 year low of C$8.83 and a 1 year high of C$15.00. The firm’s fifty day simple moving average is C$10.33 and its 200 day simple moving average is C$9.71. The firm has a market capitalization of C$1.11 billion, a P/E ratio of -26.21, a price-to-earnings-growth ratio of 0.56 and a beta of 0.15.

Cascades Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, December 5th will be paid a dividend of $0.12 per share. The ex-dividend date is Thursday, November 21st. This represents a $0.48 annualized dividend and a yield of 4.36%. Cascades’s dividend payout ratio is currently -114.29%.

Cascades Company Profile

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.