CAS has been the topic of a number of other reports. TD Securities upped their price objective on Cascades from C$11.50 to C$12.50 and gave the company a buy rating in a research report on Monday, August 8th. Royal Bank Of Canada upped their target price on Cascades from C$11.00 to C$15.00 and gave the company an outperform rating in a research note on Friday, September 23rd. CIBC raised Cascades from a sector perform rating to a sector outperform rating and upped their target price for the company from C$8.00 to C$12.00 in a research note on Monday, August 29th. Scotiabank reaffirmed an outperform rating and set a C$12.50 target price on shares of Cascades in a research note on Monday, August 8th. Finally, National Bank Financial raised Cascades from a sector perform rating to an outperform rating in a research note on Monday, July 11th. Eight equities research analysts have rated the stock with a buy rating, The stock presently has an average rating of Buy and a consensus target price of C$13.13.
Shares of Cascades (TSE:CAS) opened at 12.98 on Monday. The company has a market capitalization of $1.23 billion and a price-to-earnings ratio of 21.96. The stock has a 50 day moving average price of $10.78 and a 200-day moving average price of $9.62. Cascades has a 12 month low of $7.72 and a 12 month high of $13.65.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 2nd. Investors of record on Friday, September 2nd were paid a $0.04 dividend. The ex-dividend date was Wednesday, August 24th. This represents a $0.16 annualized dividend and a yield of 1.23%.
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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