Cascades Inc (TSE:CAS) had its price objective lifted by Dundee Securities from C$13.00 to C$15.00 in a research note issued to investors on Monday. Dundee Securities’ price target suggests a potential upside of 28.76% from the stock’s current price.
Several other brokerages have also recently weighed in on CAS. National Bank Financial raised shares of Cascades from a “sector perform” rating to an “outperform” rating in a research report on Monday, July 11th. TD Securities boosted their price target on shares of 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 reissued a “sector underperform” rating and set a C$8.00 price target on shares of Cascades in a research report on Monday, August 22nd. Scotiabank reissued an “outperform” rating and set a C$12.50 price target on shares of Cascades in a research report on Monday, August 8th. Finally, CIBC raised shares of Cascades from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the company from C$8.00 to C$12.00 in a research report on Monday, August 29th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the stock. Cascades has an average rating of “Buy” and a consensus price target of C$11.50.
Cascades (TSE:CAS) opened at 11.65 on Monday. Cascades has a 12 month low of $7.72 and a 12 month high of $13.65. The stock has a market cap of $1.10 billion and a PE ratio of 19.71. The company has a 50-day moving average of $10.24 and a 200-day moving average of $9.45.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 2nd. Shareholders of record on Friday, September 2nd were paid 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 1.37%.
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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