Cascades (TSE:CAS) Given New C$13.00 Price Target at Royal Bank of Canada

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

Separately, TD Securities lifted their price target on Cascades from C$12.00 to C$14.00 and gave the company a “buy” rating in a report on Friday, November 8th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, Cascades presently has a consensus rating of “Hold” and an average target price of C$12.08.

Cascades Trading Up 2.0 %

Cascades stock opened at C$11.47 on Friday. Cascades has a 52 week low of C$8.83 and a 52 week high of C$15.00. The company has a debt-to-equity ratio of 119.55, a quick ratio of 0.86 and a current ratio of 1.23. The firm has a market capitalization of C$1.16 billion, a price-to-earnings ratio of -27.31, a P/E/G ratio of 0.56 and a beta of 0.15. The company has a 50 day moving average price of C$11.29 and a 200 day moving average price of C$10.08.

Cascades Dividend Announcement

The business 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. This represents a $0.48 annualized dividend and a dividend yield of 4.18%. The ex-dividend date of this dividend was Thursday, November 21st. Cascades’s dividend payout ratio is currently -114.29%.

Insider Transactions at Cascades

In other news, Senior Officer Luc Langevin sold 3,000 shares of Cascades 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 currently owned by company insiders.

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.