Cascades Inc (TSE:CAS) insider Bernard Lemaire sold 1,100 shares of the stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of C$11.76, for a total value of C$12,936.00.
Cascades Inc (TSE:CAS) traded down 0.34% during midday trading on Thursday, reaching $11.64. The company’s stock had a trading volume of 107,605 shares. The stock’s 50-day moving average price is $9.79 and its 200 day moving average price is $9.32. Cascades Inc has a 1-year low of $7.72 and a 1-year high of $13.65. The firm has a market capitalization of $1.10 billion and a PE ratio of 19.70.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 2nd. Shareholders of record on Friday, September 2nd were given a $0.04 dividend. The ex-dividend date of this dividend was Wednesday, August 24th. This represents a $0.16 dividend on an annualized basis and a yield of 1.37%.
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A number of equities analysts have recently issued reports on CAS shares. Dundee Securities increased their price target on Cascades from C$12.00 to C$15.00 and gave the stock a “buy” rating in a research report on Wednesday, June 1st. National Bank Financial raised Cascades from a “sector perform” rating to an “outperform” rating in a research report on Monday, July 11th. Scotiabank reissued an “outperform” rating and set a C$12.50 price target on shares of Cascades in a research report on Monday, August 8th. TD Securities increased their price target on Cascades from C$11.50 to C$12.50 and gave the stock a “buy” rating in a research report on Monday, August 8th. Finally, Royal Bank Of Canada reissued a “sector underperform” rating and set a C$8.00 price target on shares of Cascades in a research report on Monday, August 22nd. One research analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. Cascades has a consensus rating of “Buy” and an average price target of C$11.50.
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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