Cascades Inc (TSE:CAS) had its price target boosted by Royal Bank Of Canada from C$11.00 to C$15.00 in a research note published on Friday, StockTargetPrices.com reports. The firm currently has an outperform rating on the stock.
CAS has been the topic of a number of other research reports. CIBC raised shares of Cascades from a sector perform rating to a sector outperform rating and raised their price objective for the stock from C$8.00 to C$12.00 in a report on Monday, August 29th. TD Securities lifted their target price on shares of Cascades from C$12.50 to C$13.50 and gave the company a buy rating in a report on Tuesday, September 6th. Dundee Securities lifted their target price on shares of Cascades from C$12.00 to C$15.00 and gave the company a buy rating in a report on Wednesday, June 1st. Desjardins reaffirmed a hold rating on shares of Cascades in a report on Friday, September 16th. Finally, Scotiabank reaffirmed an outperform rating and issued a C$12.50 target price on shares of Cascades in a report on Monday, August 8th. Eight investment analysts have rated the stock with a buy rating, The stock currently has a consensus rating of Buy and a consensus target price of C$12.90.
Cascades (TSE:CAS) opened at 12.92 on Friday. The firm’s 50-day moving average is $10.67 and its 200-day moving average is $9.59. Cascades has a 52-week low of $7.72 and a 52-week high of $13.65. The firm has a market capitalization of $1.22 billion and a PE ratio of 21.86.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 2nd. Investors of record on Friday, September 2nd were given a $0.04 dividend. The ex-dividend date was Wednesday, August 24th. This represents a $0.16 dividend on an annualized basis and a yield of 1.24%.
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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