Cascades Inc. (TSE:CAS) Senior Officer Sells C$33,900.00 in Stock

Cascades Inc. (TSE:CAS) Senior Officer Luc Langevin sold 3,000 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of C$11.30, for a total value of C$33,900.00.

Cascades Trading Down 0.6 %

Shares of CAS traded down C$0.07 during mid-day trading on Tuesday, hitting C$11.18. 82,433 shares of the company’s stock traded hands, compared to its average volume of 221,784. Cascades Inc. has a 1 year low of C$8.83 and a 1 year high of C$15.00. The firm has a market capitalization of C$1.13 billion, a P/E ratio of -26.79, a PEG ratio of 0.56 and a beta of 0.15. The business’s 50-day moving average price is C$10.18 and its 200-day moving average price is C$9.67. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, December 5th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.48 annualized dividend and a dividend yield of 4.29%. Cascades’s payout ratio is -114.29%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on CAS shares. CIBC reduced their price target on shares of Cascades from C$11.00 to C$10.50 and set a “neutral” rating on the stock in a research note on Monday, August 12th. Royal Bank of Canada increased their target price on shares of Cascades from C$11.00 to C$12.00 in a report on Friday. Scotiabank reduced their target price on Cascades from C$12.00 to C$11.00 and set a “sector perform” rating for the company in a report on Monday, August 12th. Finally, TD Securities increased their price objective on shares of Cascades from C$12.00 to C$14.00 and gave the company a “buy” rating in a research note on Friday. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of C$11.92.

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.