Cascades Inc (CAS) Stock Price Up 5.7%

Shares of Cascades Inc (TSE:CAS) rose 5.7% during trading on Monday . The stock traded as high as C$14.95 and last traded at C$14.91. Approximately 269,851 shares traded hands during trading, an increase of 8% from the average daily volume of 251,010 shares. The stock had previously closed at C$14.10.

CAS has been the topic of several analyst reports. Ci Capital raised their target price on Cascades from C$17.00 to C$19.00 in a report on Tuesday, July 4th. Scotiabank reaffirmed a “sector perform” rating and set a C$17.00 target price on shares of Cascades in a report on Sunday, July 30th. Desjardins dropped their target price on Cascades from C$17.50 to C$16.00 in a report on Friday, August 11th. Royal Bank Of Canada dropped their target price on Cascades from C$17.00 to C$16.00 and set a “sector perform” rating on the stock in a report on Friday, August 11th. Finally, TD Securities dropped their target price on Cascades from C$18.00 to C$17.00 and set a “hold” rating on the stock in a report on Friday, August 11th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Cascades has a consensus rating of “Buy” and an average target price of C$16.63.

The firm has a market cap of $1.47 billion and a P/E ratio of 2.98. The stock has a 50-day moving average price of $14.78 and a 200 day moving average price of $15.37.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, September 1st were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend was Monday, August 21st.

WARNING: “Cascades Inc (CAS) Stock Price Up 5.7%” was reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this article on another website, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The original version of this article can be viewed at

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.

Receive News & Ratings for Cascades Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cascades Inc and related companies with's FREE daily email newsletter.

Latest News

Leave a Reply