Cascades Inc. (TSE:CAS) Senior Officer Sells C$88,380.00 in Stock

Cascades Inc. (TSE:CAS) Senior Officer Luc Langevin sold 9,000 shares of the company’s stock in a transaction that occurred 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

CAS opened at C$9.72 on Monday. Cascades Inc. has a 12-month low of C$8.83 and a 12-month high of C$13.42. The company has a current ratio of 1.22, a quick ratio of 0.86 and a debt-to-equity ratio of 121.37. The business’s fifty day simple moving average is C$11.59 and its 200-day simple moving average is C$11.29. The company has a market capitalization 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 Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have commented on CAS. CIBC upped their price objective on Cascades from C$12.00 to C$13.00 in a research report on Wednesday, January 15th. Scotiabank raised shares of Cascades from a “hold” rating to a “strong-buy” rating and boosted their target price for the company from C$12.00 to C$15.50 in a research note on Monday, January 27th. Finally, Royal Bank of Canada lifted their price objective on shares of Cascades from C$12.00 to C$13.00 and gave the company a “sector perform” rating in a report on Friday, December 20th.

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.