Cascades Inc (TSE:CAS) had its price objective boosted by research analysts at Scotiabank from C$12.75 to C$14.75 in a report issued on Wednesday. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s price objective would indicate a potential upside of 14.16% from the company’s previous close.
Several other research analysts also recently issued reports on CAS. Dundee Securities upped their target price on shares of Cascades from C$12.00 to C$15.00 and gave the stock a “buy” rating in a research note on Wednesday, June 1st. Desjardins restated a “hold” rating on shares of Cascades in a research report on Friday, September 16th. RBC Capital Markets increased their price objective on shares of Cascades from C$11.00 to C$15.00 in a research report on Friday, September 23rd. Royal Bank Of Canada increased their price objective on shares of Cascades from C$11.00 to C$15.00 and gave the company an “outperform” rating in a research report on Friday, September 23rd. Finally, National Bank Financial upgraded shares of Cascades from a “sector perform” rating to an “outperform” rating in a research report on Monday, July 11th. Eight equities research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus price target of C$13.13.
Cascades (TSE:CAS) traded up 0.08% on Wednesday, reaching $12.93. 104,936 shares of the company were exchanged. The firm has a 50-day moving average of $10.67 and a 200 day moving average of $9.59. The firm has a market capitalization of $1.22 billion and a P/E ratio of 21.88. Cascades has a 12-month low of $7.72 and a 12-month high of $13.65.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 2nd. Shareholders of record on Friday, September 2nd were issued a dividend of $0.04 per share. 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 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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