TD Securities Trims Cascades Inc (CAS) Target Price to C$16.50

Cascades Inc (TSE:CAS) had its price objective reduced by TD Securities from C$18.00 to C$16.50 in a research note issued to investors on Friday morning. They currently have a hold rating on the stock.

Several other equities analysts have also recently issued reports on CAS. Desjardins dropped their price target on Cascades from C$17.50 to C$16.00 in a research report on Friday, August 11th. Scotiabank restated a sector perform rating and issued a C$17.00 price target on shares of Cascades in a research report on Monday, July 24th. Royal Bank Of Canada dropped their price target on Cascades from C$17.00 to C$16.00 and set a sector perform rating on the stock in a research report on Thursday, August 17th. National Bank Financial dropped their price target on Cascades from C$21.00 to C$18.50 and set an outperform rating on the stock in a research report on Friday. Finally, CIBC cut Cascades from an outperform rating to a neutral rating in a research report on Monday, September 25th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of C$16.71.

Shares of Cascades (TSE:CAS) opened at C$12.66 on Friday. Cascades has a 52-week low of C$10.95 and a 52-week high of C$18.20.

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The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, December 1st will be given a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 1.26%. The ex-dividend date is Tuesday, November 21st. Cascades’s dividend payout ratio (DPR) is presently 3.44%.

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.

Analyst Recommendations for Cascades (TSE:CAS)

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