Cascades Inc. (CAS) To Go Ex-Dividend on March 6th

Cascades Inc. (TSE:CAS) announced a quarterly dividend on Thursday, March 6th, TickerTech Dividends reports. Shareholders of record on Thursday, March 20th will be given a dividend of 0.12 per share on Thursday, March 20th. This represents a $0.48 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date is Thursday, March 6th.

Cascades Trading Down 3.2 %

Shares of TSE CAS opened at C$10.86 on Tuesday. Cascades has a 1-year low of C$8.83 and a 1-year high of C$13.42. The business has a fifty day moving average price of C$12.31 and a 200 day moving average price of C$11.16. The stock has a market capitalization of C$1.10 billion, a P/E ratio of -14.65, a price-to-earnings-growth ratio of 0.56 and a beta of 0.15. The company has a debt-to-equity ratio of 121.37, a current ratio of 1.22 and a quick ratio of 0.86.

Analyst Ratings Changes

CAS has been the subject of a number of analyst reports. Scotiabank raised shares of Cascades from a “hold” rating to a “strong-buy” rating and increased their target price for the company from C$12.00 to C$15.50 in a research report on Monday, January 27th. CIBC raised their target price on Cascades from C$12.00 to C$13.00 in a research note on Wednesday, January 15th. TD Securities upped their target price on Cascades from C$12.00 to C$14.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, Royal Bank of Canada lifted their price objective on shares of Cascades from C$12.00 to C$13.00 and gave the company a “sector perform” rating in a report on Friday, December 20th. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$13.25.

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.