Cascades’ (TSE:CAS) Sector Perform Rating Reiterated at Scotiabank
Several other research firms also recently weighed in on CAS. National Bank Financial upgraded Cascades from a sector perform rating to an outperform rating in a report on Thursday, May 11th. TD Securities boosted their target price on shares of Cascades from C$16.50 to C$18.00 and gave the stock a buy rating in a report on Thursday, April 6th. Royal Bank Of Canada downgraded shares of Cascades from an outperform rating to a sector perform rating and boosted their target price for the stock from C$15.00 to C$16.00 in a report on Wednesday, April 19th. Finally, Ci Capital boosted their target price on shares of Cascades from C$17.00 to C$19.00 in a report on Friday, April 7th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Cascades currently has an average rating of Buy and a consensus price target of C$16.63.
Shares of Cascades (CAS) traded up 0.41% on Monday, hitting $14.59. 179,440 shares of the company traded hands. Cascades has a 1-year low of $8.93 and a 1-year high of $18.20. The firm’s 50-day moving average is $16.21 and its 200 day moving average is $15.20. The firm has a market capitalization of $1.38 billion and a P/E ratio of 2.79.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, September 1st will be given a $0.04 dividend. The ex-dividend date is Monday, August 21st. This represents a $0.16 dividend on an annualized basis and a yield of 1.10%.
Cascades Inc, together with its subsidiaries, produces, converts, and markets packaging and tissue products in Canada, the United States, and Europe. The company operates through four segments: Containerboard, Boxboard Europe, Specialty Products, and Tissue Papers. It manufactures coated recycled and virgin boxboards, and containerboards, as well as converts corrugated products.
Receive News & Stock Ratings for Cascades Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cascades Inc and related stocks with our FREE daily email newsletter.