Cascades Inc (TSE:CAS) Senior Officer Allan Hogg sold 5,879 shares of Cascades stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of C$11.73, for a total value of C$68,960.67. Following the completion of the sale, the insider now owns 88,350 shares in the company, valued at C$1,036,345.50.
Allan Hogg also recently made the following trade(s):
- On Thursday, March 19th, Allan Hogg sold 20,000 shares of Cascades stock. The stock was sold at an average price of C$12.76, for a total value of C$255,200.00.
CAS traded up C$0.31 during trading on Wednesday, reaching C$12.20. The company’s stock had a trading volume of 271,083 shares, compared to its average volume of 253,536. The company has a quick ratio of 0.76, a current ratio of 1.34 and a debt-to-equity ratio of 127.13. The firm has a fifty day simple moving average of C$11.49 and a two-hundred day simple moving average of C$11.80. Cascades Inc has a 1 year low of C$7.55 and a 1 year high of C$13.44. The company has a market cap of $1.10 billion and a price-to-earnings ratio of 16.71.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 26th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date is Wednesday, March 11th. Cascades’s dividend payout ratio (DPR) is 27.40%.
Several research firms recently issued reports on CAS. National Bank Financial lifted their price objective on Cascades from C$13.50 to C$14.00 and gave the stock an “outperform” rating in a report on Friday, February 28th. TD Securities lowered their price objective on Cascades from C$13.00 to C$12.50 and set a “hold” rating on the stock in a report on Friday, February 28th. Finally, CIBC raised shares of Cascades from a “neutral” rating to an “outperform” rating in a research note on Monday, January 13th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of C$14.10.
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.
Recommended Story: Why do companies issue convertible shares?
Receive News & Ratings for Cascades Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cascades and related companies with MarketBeat.com's FREE daily email newsletter.