Cascades’ (CAS) Hold Rating Reiterated at Desjardins
Cascades Inc (TSE:CAS)‘s stock had its “hold” rating reaffirmed by Desjardins in a research note issued on Friday.
Several other brokerages have also recently weighed in on CAS. TD Securities upped their price objective on shares of Cascades from C$12.50 to C$13.50 and gave the stock a “buy” rating in a research note on Tuesday, September 6th. Dundee Securities upped their price objective 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. CIBC raised shares of Cascades from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the stock from C$8.00 to C$12.00 in a research note on Monday, August 29th. Scotiabank reaffirmed an “outperform” rating and set a C$12.50 price objective on shares of Cascades in a research note on Monday, August 8th. Finally, Royal Bank Of Canada reaffirmed a “sector underperform” rating and set a C$8.00 price objective on shares of Cascades in a research note on Monday, August 22nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of C$11.50.
Cascades (TSE:CAS) traded up 0.68% on Friday, hitting $11.79. The company’s stock had a trading volume of 52,231 shares. The company has a 50 day moving average price of $10.20 and a 200-day moving average price of $9.43. Cascades has a 1-year low of $7.72 and a 1-year high of $13.65. The company has a market capitalization of $1.11 billion and a P/E ratio of 19.95.
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The business also recently declared a quarterly dividend, which was paid on Friday, September 2nd. Stockholders of record on Friday, September 2nd were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Wednesday, August 24th. This represents a $0.16 annualized dividend and a dividend yield of 1.37%.
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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