Cascades Inc (TSE:CAS) had its price target upped by analysts at TD Securities from C$16.50 to C$18.00 in a research note issued to investors on Thursday, StockTargetPrices.com reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ target price indicates a potential upside of 17.26% from the company’s previous close.
Several other equities research analysts have also commented on the stock. National Bank Financial boosted their price objective on shares of Cascades from C$13.50 to C$16.00 in a research report on Thursday, April 6th. Scotiabank boosted their price objective on shares of Cascades from C$16.75 to C$17.00 and gave the stock an “outperform” rating in a research report on Thursday, April 6th. Finally, CIBC boosted their price objective on shares of Cascades from C$15.00 to C$17.00 in a research report on Tuesday, March 7th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of C$16.63.
Shares of Cascades (TSE:CAS) traded up 1.17% on Thursday, hitting $15.53. 98,248 shares of the stock traded hands. The stock has a 50 day moving average of $13.95 and a 200 day moving average of $12.75. The company has a market cap of $1.47 billion and a PE ratio of 11.17. Cascades has a one year low of $8.63 and a one year high of $16.08.
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 3rd. Stockholders of record on Monday, April 3rd were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend was Wednesday, March 22nd.
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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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