Cascades Inc. (TSE:CAS) Senior Officer Sells C$88,380.00 in Stock

Cascades Inc. (TSE:CAS) Senior Officer Luc Langevin sold 9,000 shares of the business’s stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of C$9.82, for a total transaction of C$88,380.00.

Cascades Stock Down 1.2 %

Cascades stock opened at C$9.72 on Monday. The business’s 50-day moving average price is C$11.59 and its 200 day moving average price is C$11.29. The company has a quick ratio of 0.86, a current ratio of 1.22 and a debt-to-equity ratio of 121.37. The firm has a market cap of C$983.19 million, a price-to-earnings ratio of -13.11, a price-to-earnings-growth ratio of 0.56 and a beta of 0.15. Cascades Inc. has a 52 week low of C$8.83 and a 52 week high of C$13.42.

Cascades Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 20th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 4.94%. The ex-dividend date was Thursday, March 6th. Cascades’s dividend payout ratio (DPR) is -64.73%.

Analyst Upgrades and Downgrades

Several research firms recently commented on CAS. Scotiabank upgraded shares of Cascades from a “hold” rating to a “strong-buy” rating and boosted their price objective for the stock from C$12.00 to C$15.50 in a research note on Monday, January 27th. CIBC upped their price target on Cascades from C$12.00 to C$13.00 in a research report on Wednesday, January 15th. Finally, Royal Bank of Canada raised their price objective on Cascades from C$12.00 to C$13.00 and gave the stock a “sector perform” rating in a research report on Friday, December 20th.

Cascades Company Profile

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.