Cascades Inc (TSE:CAS) had its target price boosted by Royal Bank Of Canada from C$11.00 to C$15.00 in a research report report published on Friday morning, StockTargetPrices.com reports. They currently have an outperform rating on the stock.
A number of other brokerages have also recently issued reports on CAS. Dundee Securities increased their price objective on Cascades from C$13.00 to C$15.00 in a report on Monday, September 19th. Desjardins reaffirmed a hold rating on shares of Cascades in a report on Friday, September 16th. TD Securities raised their price target on Cascades from C$12.50 to C$13.50 and gave the company a buy rating in a report on Tuesday, September 6th. CIBC raised Cascades from a sector perform rating to a sector outperform rating and raised their price target for the company from C$8.00 to C$12.00 in a report on Monday, August 29th. Finally, Scotiabank reaffirmed an outperform rating and issued a C$12.50 price target on shares of Cascades in a report on Monday, August 8th. Eight equities research analysts have rated the stock with a buy rating, Cascades has a consensus rating of Buy and an average target price of C$13.13.
Cascades (TSE:CAS) opened at 12.98 on Friday. The company has a market cap of $1.23 billion and a PE ratio of 21.96. The firm has a 50-day moving average price of $10.78 and a 200-day moving average price of $9.62. Cascades has a 52-week low of $7.72 and a 52-week 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 issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Wednesday, August 24th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.23%.
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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