A number of other research firms have also recently commented on CAS. Royal Bank Of Canada increased their price target on shares of Cascades from C$11.00 to C$15.00 and gave the company an outperform rating in a report on Friday, September 23rd. Dundee Securities increased their price target on shares of Cascades from C$13.00 to C$15.00 in a report on Monday, September 19th. Desjardins restated a hold rating on shares of Cascades in a report on Friday, September 16th. TD Securities raised their target price on shares of Cascades from C$12.50 to C$13.50 and gave the stock a buy rating in a report on Tuesday, September 6th. Finally, CIBC upgraded shares of Cascades from a sector perform rating to a sector outperform rating and raised their target price for the stock from C$8.00 to C$12.00 in a report on Monday, August 29th. Eight research analysts have rated the stock with a buy rating, The stock currently has an average rating of Buy and an average price target of C$12.90.
Cascades (TSE:CAS) opened at 12.92 on Friday. The stock has a market capitalization of $1.22 billion and a price-to-earnings ratio of 21.86. The stock’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 also recently declared a quarterly dividend, which was paid on Friday, September 2nd. Shareholders 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 annualized dividend and a yield of 1.24%.
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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