Cascades (TSE:CAS) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Cascades (TSE:CAS) had its target price hoisted by Royal Bank of Canada from C$12.00 to C$13.00 in a report released on Friday,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Separately, TD Securities lifted their price objective on shares of Cascades from C$12.00 to C$14.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Cascades presently has a consensus rating of “Hold” and an average target price of C$12.08.

Cascades Price Performance

TSE CAS opened at C$11.47 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.23 and a debt-to-equity ratio of 119.55. The stock has a market capitalization of C$1.16 billion, a PE ratio of -27.31, a price-to-earnings-growth ratio of 0.56 and a beta of 0.15. Cascades has a 12-month low of C$8.83 and a 12-month high of C$15.00. The company has a 50 day moving average price of C$11.29 and a two-hundred day moving average price of C$10.09.

Cascades Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, December 5th were issued a dividend of $0.12 per share. The ex-dividend date was Thursday, November 21st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.18%. Cascades’s dividend payout ratio (DPR) is presently -114.29%.

Insider Activity

In related news, Senior Officer Luc Langevin sold 3,000 shares of the business’s stock in a transaction dated 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 owned by company insiders.

Cascades Company Profile

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.