Cascades Inc (TSE:CAS) Director Charles Malo sold 9,432 shares of the stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of C$13.08, for a total transaction of C$123,370.56.

Cascades stock traded up C$0.02 during midday trading on Friday, hitting C$13.03. 69,686 shares of the stock were exchanged, compared to its average volume of 229,395. Cascades Inc has a fifty-two week low of C$11.29 and a fifty-two week high of C$16.71.

Cascades (TSE:CAS) last released its quarterly earnings data on Thursday, August 9th. The company reported C$0.29 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of C$0.29. Cascades had a net margin of 3.17% and a return on equity of 9.16%. The firm had revenue of C$1.18 billion during the quarter, compared to analysts’ expectations of C$1.17 billion.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 6th. Investors of record on Thursday, September 6th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 1.23%. The ex-dividend date was Tuesday, August 21st.

A number of equities research analysts have recently commented on CAS shares. TD Securities reduced their target price on shares of Cascades from C$18.00 to C$16.00 in a research report on Friday, May 11th. National Bank Financial reduced their target price on shares of Cascades from C$20.00 to C$18.00 and set an “outperform” rating for the company in a research report on Friday, May 11th. CIBC reduced their target price on shares of Cascades from C$17.00 to C$15.00 in a research report on Friday, May 11th. Scotiabank reduced their target price on shares of Cascades from C$18.00 to C$16.50 and set a “sector perform” rating for the company in a research report on Friday, May 11th. Finally, Desjardins reduced their target price on shares of Cascades from C$17.50 to C$17.00 in a research report on Saturday, July 14th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of C$16.75.

About Cascades

Cascades Inc produces, converts, and markets packaging and tissue products in Canada, the United States, and internationally. The company operates through four segments: Containerboard, Boxboard Europe, Specialty Products, and Tissue Papers. It offers containerboards, and coated recycled and virgin boxboards, as well as converts corrugated products.

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Insider Buying and Selling by Quarter for Cascades (TSE:CAS)

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