Scotiabank reaffirmed their sector perform rating on shares of Cascades Inc (TSE:CAS) in a research report released on Monday, July 24th. Scotiabank currently has a C$17.00 price objective on the stock.
Other research analysts also recently issued reports about the company. TD Securities upped their price target on Cascades from C$16.50 to C$18.00 and gave the stock a buy rating in a research note on Thursday, April 6th. National Bank Financial raised Cascades from a sector perform rating to an outperform rating in a report on Thursday, May 11th. Ci Capital boosted their price objective on Cascades from C$17.00 to C$19.00 in a report on Friday, April 7th. Finally, Royal Bank Of Canada lowered Cascades from an outperform rating to a sector perform rating and boosted their price objective for the stock from C$15.00 to C$16.00 in a report on Wednesday, April 19th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of C$16.63.
Cascades (CAS) traded up 0.41% on Monday, reaching $14.59. The company’s stock had a trading volume of 179,440 shares. The company has a market cap of $1.38 billion and a P/E ratio of 2.79. The firm’s 50-day moving average price is $16.21 and its 200 day moving average price is $15.20. Cascades has a 52-week low of $8.93 and a 52-week high of $18.20.
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The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, September 1st will be issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Monday, August 21st.
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.
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