TD Securities Lowers Cascades Inc (CAS) Price Target to C$15.50
Cascades Inc (TSE:CAS) had its price target lowered by equities research analysts at TD Securities from C$16.50 to C$15.50 in a report issued on Monday. The firm presently has a “buy” rating on the stock. TD Securities’ price objective suggests a potential upside of 34.78% from the stock’s current price.
Other equities analysts also recently issued research reports about the stock. Royal Bank Of Canada boosted 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. National Bank Financial downgraded shares of Cascades from an “outperform market weight” rating to a “sector perform market weight” rating in a research note on Friday, August 5th. CIBC boosted their price target on shares of Cascades from C$14.00 to C$16.00 in a research note on Monday. Dundee Securities boosted their price target on shares of Cascades from C$13.00 to C$15.00 in a research note on Monday, September 19th. Finally, Desjardins upgraded shares of Cascades from a “hold” rating to a “buy” rating and set a C$15.00 price target for the company in a research note on Monday, September 26th. Six research analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and an average target price of C$14.56.
Cascades (TSE:CAS) opened at 11.50 on Monday. The stock has a market cap of $1.09 billion and a price-to-earnings ratio of 19.83. The company has a 50-day moving average price of $12.58 and a 200-day moving average price of $10.58. Cascades has a 52 week low of $7.72 and a 52 week high of $13.65.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Investors of record on Friday, December 2nd will be given a $0.04 dividend. The ex-dividend date is Tuesday, November 22nd. This represents a $0.16 dividend on an annualized basis and a 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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