Cascades Inc (CAS) PT Raised to C$18.00
Cascades Inc (TSE:CAS) had its price objective boosted by Scotiabank from C$16.75 to C$18.00 in a research note issued to investors on Friday morning. Scotiabank currently has a sector perform rating on the stock.
Several other equities research analysts have also recently commented on the company. Desjardins cut their price target on Cascades from C$17.50 to C$16.00 in a report on Friday, August 11th. TD Securities cut their price target on Cascades from C$18.00 to C$17.00 and set a hold rating for the company in a report on Friday, August 11th. Royal Bank Of Canada cut their price target on Cascades from C$17.00 to C$16.00 and set a sector perform rating for the company in a report on Friday, August 11th. CIBC cut Cascades from an outperform rating to a neutral rating in a report on Monday, September 25th. Finally, National Bank Financial increased their price target on Cascades from C$19.00 to C$21.00 and gave the company an outperform rating in a report on Friday, October 13th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of C$16.71.
Cascades (CAS) opened at C$12.66 on Friday. Cascades has a 1 year low of C$10.95 and a 1 year high of C$18.20.
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The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, December 1st will be issued a $0.04 dividend. The ex-dividend date is Tuesday, November 21st. This represents a $0.16 annualized dividend and a dividend yield of 1.26%. Cascades’s dividend payout ratio is presently 3.44%.
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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