Cascades Inc (CAS) Receives Consensus Rating of “Buy” from Analysts

Shares of Cascades Inc (TSE:CAS) have been assigned a consensus rating of “Buy” from the six analysts that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$16.75.

Several equities research analysts have issued reports on the stock. Royal Bank of Canada lowered their price target on shares of Cascades from C$18.00 to C$17.00 and set an “outperform” rating on the stock in a research note on Friday, August 10th. Desjardins boosted their price objective on shares of Cascades from C$17.00 to C$18.00 in a research note on Friday, August 10th. National Bank Financial lowered their price objective on shares of Cascades from C$20.00 to C$18.00 and set an “outperform” rating on the stock in a research note on Friday, May 11th. CIBC lowered their price objective on shares of Cascades from C$17.00 to C$15.00 in a research note on Friday, May 11th. Finally, Scotiabank lowered their price objective on shares of Cascades from C$18.00 to C$16.50 and set a “sector perform” rating on the stock in a research note on Friday, May 11th.

CAS stock traded down C$0.03 during midday trading on Wednesday, hitting C$13.39. The company’s stock had a trading volume of 175,103 shares, compared to its average volume of 230,964. Cascades has a twelve month low of C$11.29 and a twelve month high of C$16.71.



The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 6th. Stockholders of record on Thursday, September 6th will be paid a dividend of $0.04 per share. The ex-dividend date is Tuesday, August 21st. This represents a $0.16 annualized dividend and a dividend yield of 1.19%.

In other news, insider Robert F. Hall sold 70,000 shares of the business’s stock in a transaction dated Monday, August 13th. The shares were sold at an average price of C$13.58, for a total transaction of C$950,600.00. Also, insider Laurent Lemaire acquired 2,350 shares of the stock in a transaction dated Friday, June 8th. The shares were purchased at an average price of C$12.52 per share, for a total transaction of C$29,422.00.

Cascades Company Profile

Cascades Inc produces, converts, and markets packaging and tissue products in Canada, the United States, and internationally. The company operates through four segments: Containerboard, Boxboard Europe, Specialty Products, and Tissue Papers. It offers containerboards, and coated recycled and virgin boxboards, as well as converts corrugated products.

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Analyst Recommendations for Cascades (TSE:CAS)

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