Cascades Inc (CAS) PT Lowered to C$17.00 at TD Securities
Cascades Inc (TSE:CAS) had its price target cut by TD Securities from C$18.00 to C$17.00 in a research report report published on Thursday, StockTargetPrices.com reports. They currently have a hold rating on the stock.
A number of other analysts have also weighed in on CAS. Desjardins reduced their price objective on shares of Cascades from C$17.50 to C$16.00 in a research note on Thursday. Scotiabank set a C$17.00 price objective on shares of Cascades and gave the company a sector perform rating in a research note on Friday, August 11th. Royal Bank Of Canada reduced their price objective on shares of Cascades from C$17.00 to C$16.00 and set a sector perform rating for the company in a research note on Friday, August 11th. National Bank Financial upgraded shares of Cascades from a sector perform rating to an outperform rating in a research note on Thursday, May 11th. Finally, Ci Capital raised their price objective on shares of Cascades from C$17.00 to C$19.00 in a research note on Tuesday, July 4th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of C$16.63.
Shares of Cascades (CAS) opened at 14.59 on Thursday. The company has a market capitalization of $1.38 billion and a P/E ratio of 2.79. The stock’s 50 day moving average is $16.21 and its 200 day moving average is $15.20. Cascades has a 52-week low of $8.93 and a 52-week high of $18.20.
TRADEMARK VIOLATION WARNING: “Cascades Inc (CAS) PT Lowered to C$17.00 at TD Securities” was originally published by Daily Political and is the property of of Daily Political. If you are viewing this news story on another site, it was illegally stolen and republished in violation of United States & international trademark and copyright laws. The original version of this news story can be viewed at https://www.dailypolitical.com/2017/08/21/cascades-inc-cas-pt-lowered-to-c17-00-at-td-securities.html.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, September 1st will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Monday, August 21st. This represents a $0.16 dividend on an annualized basis and a yield of 1.10%.
Cascades Inc, together with its subsidiaries, produces, converts, and markets packaging and tissue products in Canada, the United States, and Europe. The company operates through four segments: Containerboard, Boxboard Europe, Specialty Products, and Tissue Papers. It manufactures coated recycled and virgin boxboards, and containerboards, as well as converts corrugated products.
Receive News & Ratings for Cascades Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cascades Inc and related companies with MarketBeat.com's FREE daily email newsletter.