Cascades Inc (CAS) Receives Consensus Rating of “Buy” from Analysts
Shares of Cascades Inc (TSE:CAS) have received a consensus recommendation of “Buy” from the eight research firms that are currently covering the stock. Three equities research analysts have rated the stock with a buy rating. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$15.07.
A number of brokerages have commented on CAS. CIBC raised shares of Cascades from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the stock from C$8.00 to C$12.00 in a research note on Monday, August 29th. National Bank Financial cut shares of Cascades from an “outperform market weight” rating to a “sector perform market weight” rating in a research note on Friday, August 5th. Desjardins raised shares of Cascades from a “hold” rating to a “buy” rating and set a C$15.00 price objective for the company in a research note on Monday, September 26th. Scotiabank lifted their price objective on shares of Cascades from C$12.75 to C$14.75 and gave the stock an “outperform” rating in a research note on Wednesday, September 28th. Finally, TD Securities lifted their price objective on shares of Cascades from C$11.50 to C$12.50 and gave the stock a “buy” rating in a research note on Monday, August 8th.
Cascades (TSE:CAS) opened at 11.50 on Friday. The stock has a market cap of $1.09 billion and a PE ratio of 19.83. Cascades has a 12 month low of $7.72 and a 12 month high of $13.65. The company’s 50 day moving average is $12.58 and its 200 day moving average is $10.58.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Friday, December 2nd will be issued a $0.04 dividend. The ex-dividend date of this dividend is Tuesday, November 22nd. This represents a $0.16 annualized dividend and a dividend yield of 1.39%.
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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