Cascades Inc (CAS) Insider Sells C$6,192,000.00 in Stock

Cascades Inc (TSE:CAS) insider Bernard Lemaire sold 400,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of C$15.48, for a total transaction of C$6,192,000.00.

Bernard Lemaire also recently made the following trade(s):

  • On Monday, December 4th, Bernard Lemaire sold 118,500 shares of Cascades stock. The stock was sold at an average price of C$12.69, for a total transaction of C$1,503,765.00.
  • On Friday, December 1st, Bernard Lemaire sold 800 shares of Cascades stock. The stock was sold at an average price of C$12.74, for a total transaction of C$10,192.00.

Cascades Inc (TSE:CAS) opened at C$15.77 on Friday. The firm has a market cap of $1,510.00 and a P/E ratio of 3.39. Cascades Inc has a 12-month low of C$12.11 and a 12-month high of C$18.20.

Cascades (TSE:CAS) last announced its quarterly earnings results on Thursday, November 9th. The company reported C$0.20 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.30 by C($0.10). Cascades had a net margin of 3.17% and a return on equity of 9.16%.

A number of research analysts have weighed in on the stock. Desjardins lifted their price target on shares of Cascades from C$15.50 to C$19.00 in a research report on Tuesday. CIBC lifted their price target on shares of Cascades from C$14.00 to C$17.00 and gave the company an “outperform” rating in a research report on Tuesday, December 12th. TD Securities raised shares of Cascades from a “hold” rating to a “buy” rating and lifted their price target for the company from C$16.50 to C$18.00 in a research report on Monday, January 29th. Scotiabank reaffirmed a “sector perform” rating and set a C$18.00 price target on shares of Cascades in a research report on Tuesday, December 5th. Finally, National Bank Financial lifted their price target on shares of Cascades from C$19.00 to C$21.00 and gave the company an “outperform” rating in a research report on Friday, October 13th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of C$17.93.

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Cascades Company Profile

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.

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