Scotiabank reaffirmed their sector perform rating on shares of Cascades Inc (TSE:CAS) in a research note published on Monday, July 24th. The firm currently has a C$17.00 price objective on the stock.

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.

COPYRIGHT VIOLATION WARNING: This piece of content was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece of content on another website, it was copied illegally and reposted in violation of U.S. and international trademark & copyright law. The correct version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/08/19/cascades-inc-tsecas-rating-reiterated-by-scotiabank-updated-updated-updated.html.

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%.

About Cascades

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.

Analyst Recommendations for Cascades (TSE:CAS)

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.