Cascades Inc. (TSE:CAS) Senior Officer Luc Langevin Sells 9,000 Shares

Cascades Inc. (TSE:CAS) Senior Officer Luc Langevin sold 9,000 shares of Cascades stock in a transaction dated 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 Price Performance

CAS opened at C$9.72 on Friday. The company has a fifty day moving average price of C$11.59 and a two-hundred day moving average price of C$11.26. The firm has a market capitalization of C$983.19 million, a PE ratio of -13.11, a P/E/G ratio of 0.56 and a beta of 0.15. Cascades Inc. has a 52 week low of C$8.83 and a 52 week high of C$13.42. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 20th were issued a $0.12 dividend. The ex-dividend date was Thursday, March 6th. This represents a $0.48 dividend on an annualized basis and a yield of 4.94%. Cascades’s dividend payout ratio is presently -64.73%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on CAS shares. Scotiabank raised shares of Cascades from a “hold” rating to a “strong-buy” rating and raised their price target for the company from C$12.00 to C$15.50 in a report on Monday, January 27th. Royal Bank of Canada boosted 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. Finally, CIBC raised their price target on Cascades from C$12.00 to C$13.00 in a report on Wednesday, January 15th.

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.