Shares of Cascades Inc (TSE:CAS) have been given a consensus rating of “Buy” by the six brokerages that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$16.75.

CAS has been the subject of a number of recent research reports. TD Securities dropped their price objective on Cascades from C$18.00 to C$16.00 in a research report on Friday, May 11th. National Bank Financial dropped their price objective on 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 dropped their price objective on Cascades from C$17.00 to C$15.00 in a research report on Friday, May 11th. Scotiabank dropped their price objective on 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 dropped their price objective on Cascades from C$17.50 to C$17.00 in a research report on Saturday, July 14th.

In other Cascades news, insider Laurent Lemaire purchased 2,350 shares of the firm’s stock in a transaction on Friday, June 8th. The shares were purchased at an average cost of C$12.52 per share, with a total value of C$29,422.00. Also, insider Robert F. Hall sold 70,000 shares of the firm’s stock in a transaction dated Monday, August 13th. The stock was sold at an average price of C$13.58, for a total value of C$950,600.00.

Cascades stock opened at C$13.60 on Wednesday. Cascades has a 52 week low of C$11.29 and a 52 week high of C$16.71.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 6th. Investors of record on Thursday, September 6th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date is Tuesday, August 21st.

Cascades Company Profile

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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Analyst Recommendations for Cascades (TSE:CAS)

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