Brokerages Set Cascades Inc. (TSE:CAS) Price Target at C$12.08

Shares of Cascades Inc. (TSE:CAS) have earned an average rating of “Hold” from the six brokerages that are currently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$12.08.

Several equities research analysts recently weighed in on the stock. Royal Bank of Canada upped their target price on shares of Cascades from C$12.00 to C$13.00 and gave the stock a “sector perform” rating in a research note on Friday, December 20th. TD Securities upped their price objective on Cascades from C$12.00 to C$14.00 and gave the stock a “buy” rating in a research report on Friday, November 8th.

Insider Activity at Cascades

In related news, Senior Officer Luc Langevin sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of C$11.30, for a total transaction of C$33,900.00. 23.78% of the stock is currently owned by corporate insiders.

Cascades Stock Performance

TSE CAS opened at C$12.24 on Monday. The company has a debt-to-equity ratio of 119.55, a current ratio of 1.23 and a quick ratio of 0.86. The company has a market cap of C$1.24 billion, a P/E ratio of -29.14, a P/E/G ratio of 0.56 and a beta of 0.15. The stock has a 50-day moving average of C$11.54 and a two-hundred day moving average of C$10.25. Cascades has a 1-year low of C$8.83 and a 1-year high of C$15.00.

Cascades Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, December 5th were issued a $0.12 dividend. The ex-dividend date was Thursday, November 21st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.92%. Cascades’s payout ratio is -114.29%.

About Cascades

Cascades Inc produces, converts, and markets packaging and tissue products in Canada and the United States. The company operates through three segments: Containerboard, Specialty Products, and Tissue Papers. It offers various packaging solutions and tissue products comprised of recycled fibers; tissue papers, comprising parent rolls of virgin and recycled fibres; specialty products, including uncoated recycled boxboards; and containerboards.