Cascades Inc. (TSE:CAS) Senior Officer Allan Hogg Sells 33,635 Shares of Stock

Cascades Inc. (TSE:CASGet Free Report) Senior Officer Allan Hogg sold 33,635 shares of the firm’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of C$9.67, for a total value of C$325,250.45.

Cascades Stock Performance

CAS opened at C$9.55 on Tuesday. The firm’s fifty day simple moving average is C$9.64 and its two-hundred day simple moving average is C$11.59. Cascades Inc. has a 52-week low of C$9.10 and a 52-week high of C$15.00. The company has a market cap of C$961.78 million, a price-to-earnings ratio of -45.48, a PEG ratio of 0.56 and a beta of 0.07. The company has a quick ratio of 0.86, a current ratio of 1.23 and a debt-to-equity ratio of 115.94.

Cascades Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 23rd. Shareholders of record on Thursday, June 6th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $0.48 annualized dividend and a yield of 5.03%. Cascades’s dividend payout ratio (DPR) is presently -228.57%.

Wall Street Analysts Forecast Growth

CAS has been the topic of a number of research reports. Desjardins cut their price objective on Cascades from C$14.50 to C$13.00 and set a “hold” rating on the stock in a report on Thursday, March 28th. CIBC reduced their price target on shares of Cascades from C$14.00 to C$12.00 in a research report on Thursday, April 11th. Scotiabank dropped their price objective on shares of Cascades from C$13.50 to C$12.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 24th. TD Securities cut their price target on Cascades from C$12.00 to C$11.00 and set a “buy” rating on the stock in a research report on Tuesday, April 16th. Finally, National Bankshares dropped their target price on Cascades from C$13.50 to C$11.00 in a report on Thursday, April 11th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from, Cascades has a consensus rating of “Hold” and an average target price of C$11.83.

Check Out Our Latest Research Report on Cascades

About Cascades

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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.

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