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.

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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%.

About Cascades

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.

Stock Target Prices

Analyst Recommendations for Cascades (TSE:CAS)

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