Cascades (TSE:CAS) had its target price boosted by Royal Bank of Canada from C$14.00 to C$15.00 in a report released on Monday, BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the stock.
CAS has been the subject of a number of other research reports. National Bank Financial increased their price objective on shares of Cascades from C$13.00 to C$14.50 and gave the stock an outperform rating in a research report on Monday. Raymond James increased their price objective on shares of Cascades from C$14.00 to C$15.00 in a research report on Monday. CIBC increased their price objective on shares of Cascades from C$10.00 to C$11.00 in a research report on Monday, May 13th. Finally, TD Securities cut shares of Cascades from a buy rating to a hold rating and set a C$13.50 price objective for the company. in a research report on Tuesday, July 16th.
TSE:CAS opened at C$11.55 on Monday. The company has a debt-to-equity ratio of 115.99, a quick ratio of 0.81 and a current ratio of 1.43. The stock has a market capitalization of $1.13 billion and a P/E ratio of 46.39. The company has a 50 day moving average price of C$11.87 and a 200 day moving average price of C$9.77. Cascades has a fifty-two week low of C$7.55 and a fifty-two week high of C$13.94.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, September 6th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 2.77%. The ex-dividend date is Tuesday, August 20th. This is a boost from Cascades’s previous quarterly dividend of $0.04. Cascades’s dividend payout ratio (DPR) is currently 128.51%.
Cascades Inc produces, converts, and markets packaging and tissue products in Canada, the United States, and internationally. The company operates through four segments: Containerboard, Boxboard Europe, Specialty Products, and Tissue Papers. It offers containerboards, and coated recycled and virgin boxboards, as well as converts corrugated products.
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