Desjardins Reaffirms Hold Rating for Cascades Inc (CAS)
A number of 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 target for the company from C$8.00 to C$12.00 in a 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 report on Friday, August 5th. TD Securities raised their price target on shares of Cascades from C$11.50 to C$12.50 and gave the company a buy rating in a report on Monday, August 8th. Royal Bank Of Canada restated a sector underperform rating and issued a C$8.00 price target on shares of Cascades in a report on Monday, August 22nd. Finally, Scotiabank restated an outperform rating and issued a C$12.50 price target on shares of Cascades in a report on Monday, August 8th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company’s stock. Cascades currently has an average rating of Buy and an average price target of C$11.50.
Shares of Cascades (TSE:CAS) opened at 11.65 on Friday. The company has a market cap of $1.10 billion and a price-to-earnings ratio of 19.71. Cascades has a one year low of $7.72 and a one year high of $13.65. The firm has a 50-day moving average of $10.24 and a 200-day moving average of $9.45.
The business also recently announced a quarterly dividend, which was paid on Friday, September 2nd. Investors of record on Friday, September 2nd were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date was Wednesday, August 24th.
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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