Cascades Inc (CAS) Given Consensus Rating of “Buy” by Analysts
Cascades Inc (TSE:CAS) has received an average recommendation of “Hold” from the eight research firms that are covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$16.71.
A number of equities analysts recently issued reports on CAS shares. Desjardins decreased their price objective on Cascades from C$17.50 to C$16.00 in a report on Friday, August 11th. Scotiabank reissued a “sector perform” rating and issued a C$17.00 price objective on shares of Cascades in a report on Monday, July 24th. Royal Bank Of Canada decreased their price objective on Cascades from C$17.00 to C$16.00 and set a “sector perform” rating for the company in a report on Thursday, August 17th. TD Securities decreased their price objective on Cascades from C$18.00 to C$17.00 and set a “hold” rating for the company in a report on Thursday, August 17th. Finally, Ci Capital increased their price objective on Cascades from C$17.00 to C$19.00 in a report on Tuesday, July 4th.
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Shares of Cascades (TSE CAS) opened at 16.39 on Friday. The firm has a market capitalization of $1.55 billion and a PE ratio of 3.14. Cascades has a 12-month low of $10.95 and a 12-month high of $18.20. The stock has a 50 day moving average price of $14.78 and a 200 day moving average price of $15.40.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, September 1st were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date was Monday, August 21st.
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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