Cascades’ (CAS) “Sector Perform” Rating Reaffirmed at Scotiabank

Scotiabank reiterated their sector perform rating on shares of Cascades (TSE:CAS) in a research report sent to investors on Tuesday morning. They currently have a C$18.00 target price on the stock.

Other equities research analysts have also issued research reports about the stock. TD Securities cut their target price on shares of Cascades from C$18.00 to C$17.00 and set a hold rating on the stock in a research note on Friday, August 11th. Royal Bank Of Canada cut their target price on shares of Cascades from C$17.00 to C$16.00 and set a sector perform rating on the stock in a research note on Thursday, August 17th. Desjardins cut their target price on shares of Cascades from C$17.50 to C$16.00 in a research note on Thursday, August 17th. National Bank Financial lifted their target price on shares of Cascades from C$19.00 to C$21.00 and gave the company an outperform rating in a research note on Friday, October 13th. Finally, CIBC lowered shares of Cascades from an outperform rating to a neutral rating in a research note on Monday, September 25th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Cascades has a consensus rating of Hold and a consensus price target of C$16.71.

Shares of Cascades (TSE CAS) opened at C$12.85 on Tuesday. Cascades has a 52 week low of C$11.12 and a 52 week high of C$18.20.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, December 1st were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 1.25%. The ex-dividend date was Tuesday, November 21st. Cascades’s payout ratio is currently 3.44%.

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About Cascades

Cascades Inc (Cascades) is a Canada-based company that produces, converts and markets packaging and tissue products consisting of recycled fibers. The Company operates through four segments: Containerboard, Boxboard Europe, Specialty Products (which constitutes the Company’s Packaging Products) and Tissue Papers.

Analyst Recommendations for Cascades (TSE:CAS)

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