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

Cascades (TSE:CAS) had its price target boosted by Royal Bank of Canada from C$12.00 to C$13.00 in a report released on Friday,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

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

Cascades Price Performance

Shares of TSE CAS opened at C$11.47 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.23 and a debt-to-equity ratio of 119.55. Cascades has a fifty-two week low of C$8.83 and a fifty-two week high of C$15.00. The business has a 50 day moving average price of C$11.29 and a two-hundred day moving average price of C$10.08. The firm has a market cap of C$1.16 billion, a PE ratio of -27.31, a price-to-earnings-growth ratio of 0.56 and a beta of 0.15.

Cascades Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, December 5th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date was Thursday, November 21st. Cascades’s payout ratio is -114.29%.

Insider Buying and Selling

In other Cascades news, Senior Officer Luc Langevin sold 3,000 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of C$11.30, for a total value of C$33,900.00. Company insiders own 23.78% of the company’s stock.

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.