Dundee Securities Boosts Cascades Inc (CAS) Price Target to C$15.00
CAS has been the subject of several other research reports. TD Securities lifted their price target on Cascades from C$11.50 to C$12.50 and gave the stock a buy rating in a research report on Monday, August 8th. CIBC upgraded Cascades from a sector perform rating to a sector outperform rating and lifted their price target for the stock from C$8.00 to C$12.00 in a research report on Monday, August 29th. Scotiabank reiterated an outperform rating and issued a C$12.50 price target on shares of Cascades in a research report on Monday, August 8th. National Bank Financial upgraded Cascades from a sector perform rating to an outperform rating in a research report on Monday, July 11th. Finally, Royal Bank Of Canada restated a sector underperform rating and set a C$8.00 target price on shares of Cascades in a research report on Monday, August 22nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of C$11.50.
Cascades (TSE:CAS) opened at 11.93 on Monday. The company has a market cap of $1.13 billion and a price-to-earnings ratio of 20.19. The stock has a 50 day moving average price of $10.30 and a 200 day moving average price of $9.47. Cascades has a 12 month low of $7.72 and a 12 month high of $13.65.
The company also recently declared a quarterly dividend, which was paid on Friday, September 2nd. Investors of record on Friday, September 2nd were issued a $0.04 dividend. The ex-dividend date of this dividend was Wednesday, August 24th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.34%.
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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