Cascades Inc (CAS) PT Raised to C$16.00 at CIBC
Cascades Inc (TSE:CAS) had its price objective lifted by equities research analysts at CIBC from C$14.00 to C$16.00 in a report issued on Monday. CIBC’s target price suggests a potential upside of 39.13% from the company’s current price.
Several other equities analysts have also recently issued reports on the stock. Scotiabank reaffirmed an “outperform” rating and issued a C$14.75 price objective on shares of Cascades in a research note on Tuesday, October 25th. Royal Bank Of Canada lifted their price objective on shares of Cascades from C$12.00 to C$14.00 in a research note on Thursday, October 6th. Desjardins raised shares of Cascades from a “hold” rating to a “buy” rating and set a C$15.00 price objective on the stock in a research note on Monday, September 26th. RBC Capital Markets lifted their price objective on shares of Cascades from C$11.00 to C$15.00 in a research note on Friday, September 23rd. Finally, Dundee Securities lifted their price objective on shares of Cascades from C$13.00 to C$15.00 in a research note on Monday, September 19th. Six equities research analysts have rated the stock with a buy rating, Cascades has an average rating of “Buy” and an average price target of C$14.56.
Cascades (TSE:CAS) opened at 11.50 on Monday. Cascades has a 1-year low of $7.72 and a 1-year high of $13.65. The stock has a market cap of $1.09 billion and a P/E ratio of 19.83. The firm’s 50-day moving average is $12.58 and its 200-day moving average is $10.58.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 2nd. Investors of record on Friday, December 2nd will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date is Tuesday, November 22nd.
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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