Cascades Inc (CAS) Given “Hold” Rating at Desjardins
Other equities analysts also recently issued reports about the stock. Dundee Securities lifted their price target on shares of Cascades from C$13.00 to C$15.00 in a report on Monday. TD Securities lifted their price target on shares of Cascades from C$12.50 to C$13.50 and gave the company a buy rating in a report on Tuesday, September 6th. Scotiabank reaffirmed an outperform rating and issued a C$12.50 target price on shares of Cascades in a research note on Monday, August 8th. National Bank Financial raised shares of Cascades from a sector perform rating to an outperform rating in a research note on Monday, July 11th. Finally, CIBC raised shares of Cascades from a sector perform rating to a sector outperform rating and boosted their target price for the stock from C$8.00 to C$12.00 in a research note on Monday, August 29th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. Cascades presently has a consensus rating of Buy and an average price target of C$11.50.
Shares of Cascades (TSE:CAS) traded up 0.34% during midday trading on Friday, hitting $11.75. 55,131 shares of the company traded hands. The stock’s 50-day moving average is $10.20 and its 200 day moving average is $9.43. Cascades has a 12-month low of $7.72 and a 12-month high of $13.65. The stock has a market capitalization of $1.11 billion and a P/E ratio of 19.88.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 2nd. Stockholders of record on Friday, September 2nd were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.37%. The ex-dividend date was Wednesday, August 24th.
Cascades Inc (Cascades) is a Canada-based company that produces, converts and markets packaging and tissue products consisting of recycled fibers. The Company operates through four segments: Containerboard, Boxboard Europe, Specialty Products (which constitutes the Company’s Packaging Products) and Tissue Papers.
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