Cascades Inc (CAS) Given New C$18.00 Price Target at Scotiabank
Several other brokerages have also recently weighed in on CAS. CIBC cut Cascades from an outperform rating to a neutral rating in a report on Monday, September 25th. National Bank Financial upped their target price on Cascades from C$19.00 to C$21.00 and gave the stock an outperform rating in a report on Friday, October 13th. Desjardins lowered their target price on Cascades from C$17.50 to C$16.00 in a report on Thursday, August 17th. Royal Bank of Canada lowered their target price on Cascades from C$17.00 to C$16.00 and set a sector perform rating for the company in a report on Thursday, August 17th. Finally, TD Securities lowered their target price on Cascades from C$18.00 to C$17.00 and set a hold rating for the company in a report on Thursday, August 17th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of C$17.29.
Shares of Cascades (TSE CAS) traded down C$1.09 during trading on Friday, reaching C$13.22. The company’s stock had a trading volume of 577,326 shares, compared to its average volume of 240,148. Cascades has a 12 month low of C$10.95 and a 12 month high of C$18.20.
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The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, December 1st will be paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend is Tuesday, November 21st. Cascades’s dividend payout ratio (DPR) is currently 3.07%.
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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