Scotiabank Increases Cascades Inc (CAS) Price Target to C$15.00
Cascades Inc (TSE:CAS) had its price objective hoisted by equities researchers at Scotiabank from C$14.75 to C$15.00 in a report issued on Monday. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s price target would indicate a potential upside of 30.43% from the stock’s current price.
CAS has been the topic of a number of other research reports. CIBC raised Cascades from a “sector perform” rating to a “sector outperform” rating and raised their price target for the stock from C$8.00 to C$12.00 in a report on Monday, August 29th. Desjardins reissued a “hold” rating on shares of Cascades in a report on Friday, September 16th. TD Securities raised their price target on Cascades from C$12.50 to C$13.50 and gave the stock a “buy” rating in a report on Tuesday, September 6th. RBC Capital Markets raised their price target on Cascades from C$11.00 to C$15.00 in a report on Friday, September 23rd. Finally, Royal Bank Of Canada reissued a “sector underperform” rating and set a C$8.00 price target on shares of Cascades in a report on Monday, August 22nd. Six research analysts have rated the stock with a buy rating, The company 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 one year low of $7.72 and a one year high of $13.65. The firm’s 50 day moving average price is $12.58 and its 200-day moving average price is $10.58. The firm has a market cap of $1.09 billion and a PE ratio of 19.83.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Friday, December 2nd will be given a dividend of $0.04 per share. The ex-dividend date is Tuesday, November 22nd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.39%.
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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