A number of other research analysts have also recently issued reports on the stock. TD Securities cut their target price on shares of Cascades from C$16.50 to C$15.50 and set a buy rating for the company in a research note on Monday. CIBC lifted their target price on shares of Cascades from C$14.00 to C$16.00 in a research note on Monday. Royal Bank Of Canada lifted their target price on shares of Cascades from C$12.00 to C$14.00 in a research note on Thursday, October 6th. Desjardins upgraded shares of Cascades from a hold rating to a buy rating and set a C$15.00 target price for the company in a research note on Monday, September 26th. Finally, RBC Capital Markets lifted their target price on shares of Cascades from C$11.00 to C$15.00 in a research note on Friday, September 23rd. Six research analysts have rated the stock with a buy rating, The company presently has a consensus rating of Buy and an average target price of C$14.56.
Shares of Cascades (TSE:CAS) opened at 11.46 on Monday. The firm has a market cap of $1.08 billion and a P/E ratio of 19.76. The stock’s 50 day moving average price is $12.50 and its 200-day moving average price is $10.59. 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 will be paid on Friday, December 2nd. Shareholders of record on Friday, December 2nd will be issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date is Tuesday, November 22nd.
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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