Cascades Inc. (TSE:CAS) Senior Officer Luc Langevin Sells 9,000 Shares

Cascades Inc. (TSE:CAS) Senior Officer Luc Langevin sold 9,000 shares of Cascades stock in a transaction on Thursday, March 27th. The shares were sold at an average price of C$9.82, for a total value of C$88,380.00.

Cascades Price Performance

Shares of CAS stock opened at C$9.72 on Friday. The firm has a market cap of C$983.19 million, a price-to-earnings ratio of -13.11, a PEG ratio of 0.56 and a beta of 0.15. Cascades Inc. has a 12 month low of C$8.83 and a 12 month high of C$13.42. The company has a quick ratio of 0.86, a current ratio of 1.22 and a debt-to-equity ratio of 121.37. The stock has a 50-day moving average price of C$11.59 and a 200 day moving average price of C$11.27.

Cascades Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 20th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 4.94%. The ex-dividend date was Thursday, March 6th. Cascades’s dividend payout ratio is -64.73%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Scotiabank raised Cascades from a “hold” rating to a “strong-buy” rating and lifted their price target for the company from C$12.00 to C$15.50 in a report on Monday, January 27th. Royal Bank of Canada boosted 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. Finally, CIBC increased their price target on shares of Cascades from C$12.00 to C$13.00 in a research note on Wednesday, January 15th.

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.