Insider Selling: Cascades Inc. (TSE:CAS) Senior Officer Sells 3,000 Shares of Stock

Cascades Inc. (TSE:CAS - Get Free Report) Senior Officer Luc Langevin sold 3,000 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of C$11.30, for a total transaction of C$33,900.00.

Cascades Stock Down 0.7 %

Cascades stock opened at C$11.17 on Wednesday. Cascades Inc. has a 1-year low of C$8.83 and a 1-year high of C$15.00. The firm has a market capitalization of C$1.13 billion, a price-to-earnings ratio of -26.60, a P/E/G ratio of 0.56 and a beta of 0.15. The company has a current ratio of 1.23, a quick ratio of 0.86 and a debt-to-equity ratio of 119.55. The firm has a 50 day simple moving average of C$10.22 and a 200 day simple moving average of C$9.68.

Cascades Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, December 5th will be paid a $0.12 dividend. 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 4.30%. Cascades's dividend payout ratio is -114.29%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on CAS shares. Royal Bank of Canada increased their price objective on shares of Cascades from C$11.00 to C$12.00 in a research note on Friday, November 8th. TD Securities raised their price target on shares of Cascades from C$12.00 to C$14.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Scotiabank decreased their price target on shares of 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. Finally, CIBC decreased their price target on shares of Cascades from C$11.00 to C$10.50 and set a "neutral" rating for the company in a research note on Monday, August 12th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of C$11.92.


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Cascades Company Profile

(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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