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 MarketBeat.com, 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

(Get Free Report)

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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