Cascades (TSE:CAS) Price Target Raised to C$12.00 at Royal Bank of Canada

Cascades (TSE:CAS) had its price objective boosted by Royal Bank of Canada from C$11.00 to C$12.00 in a research report sent to investors on Friday morning,BayStreet.CA reports.

CAS has been the subject of a number of other research reports. Scotiabank reduced their price objective on Cascades from C$12.00 to C$11.00 and set a “sector perform” rating for the company in a research note on Monday, August 12th. CIBC reduced their price objective on shares of Cascades from C$11.00 to C$10.50 and set a “neutral” rating on the stock in a research report on Monday, August 12th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of C$11.92.

Cascades Price Performance

Shares of CAS opened at C$11.25 on Friday. The firm has a market cap of C$1.14 billion, a PE ratio of -26.79, a price-to-earnings-growth ratio of 0.56 and a beta of 0.15. Cascades has a 52-week low of C$8.83 and a 52-week high of C$15.00. The business’s 50 day moving average price is C$10.18 and its two-hundred day moving average price is C$9.67. The company has a debt-to-equity ratio of 119.55, a quick ratio of 0.86 and a current ratio of 1.23.

Cascades Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders 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 dividend on an annualized basis and a yield of 4.27%. Cascades’s dividend payout ratio (DPR) is presently -114.29%.

About Cascades

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.