Desjardins Reaffirms Hold Rating for Cascades Inc (CAS)
Several other analysts have also recently weighed in on the stock. CIBC upgraded shares of Cascades from a sector perform rating to a sector outperform rating and raised their price objective for the company from C$8.00 to C$12.00 in a research report on Monday, August 29th. National Bank Financial cut shares of Cascades from an outperform market weight rating to a sector perform market weight rating in a research report on Friday, August 5th. TD Securities lifted their target price on shares of Cascades from C$11.50 to C$12.50 and gave the stock a buy rating in a research report on Monday, August 8th. Royal Bank Of Canada reiterated a sector underperform rating and issued a C$8.00 target price on shares of Cascades in a research report on Monday, August 22nd. Finally, Scotiabank reiterated an outperform rating and issued a C$12.50 target price on shares of Cascades in a research report on Monday, August 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the stock. Cascades presently has a consensus rating of Buy and an average target price of C$11.50.
Cascades (TSE:CAS) opened at 11.65 on Friday. The company has a market cap of $1.10 billion and a PE ratio of 19.71. Cascades has a one year low of $7.72 and a one year high of $13.65. The stock has a 50 day moving average price of $10.24 and a 200 day moving average price of $9.45.
The company also recently declared a quarterly dividend, which was paid on Friday, September 2nd. Shareholders of record on Friday, September 2nd were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend was Wednesday, August 24th.
Cascades Company Profile
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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