Cascades Inc (CAS) PT Raised to C$14.75 at Scotiabank
Cascades Inc (TSE:CAS) had its price objective increased by stock analysts at Scotiabank from C$12.75 to C$14.75 in a report released on Wednesday. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s price target would suggest a potential upside of 14.16% from the company’s previous close.
Several other equities analysts have also recently commented on the stock. Desjardins raised shares of Cascades from a “hold” rating to a “buy” rating and set a C$15.00 target price on the stock in a research report on Monday. RBC Capital Markets raised their price target on shares of Cascades from C$11.00 to C$15.00 in a research note on Friday, September 23rd. Royal Bank Of Canada raised their price target on shares of Cascades from C$11.00 to C$15.00 and gave the stock an “outperform” rating in a research note on Friday, September 23rd. Dundee Securities raised their price target on shares of Cascades from C$13.00 to C$15.00 in a research note on Monday, September 19th. Finally, TD Securities raised their price target on shares of Cascades from C$12.50 to C$13.50 and gave the stock a “buy” rating in a research note on Tuesday, September 6th. Eight research analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and a consensus target price of C$13.13.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 2nd. Investors of record on Friday, September 2nd were paid 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 yield of 1.24%.
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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