Insider Selling: Cascades, Inc. (CAS) Insider Sells C$10,192.00 in Stock

Cascades, Inc. (TSE:CAS) insider Bernard Lemaire sold 800 shares of the stock in a transaction dated Friday, December 1st. The stock was sold at an average price of C$12.74, for a total transaction of C$10,192.00.

Bernard Lemaire also recently made the following trade(s):

  • On Monday, December 4th, Bernard Lemaire sold 118,500 shares of Cascades stock. The stock was sold at an average price of C$12.69, for a total transaction of C$1,503,765.00.

Cascades, Inc. (TSE CAS) traded up C$0.27 during trading on Thursday, hitting C$13.86. 306,353 shares of the stock were exchanged, compared to its average volume of 240,734. Cascades, Inc. has a one year low of C$11.21 and a one year high of C$18.20.

The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, December 1st were paid a $0.04 dividend. The ex-dividend date was Tuesday, November 21st. This represents a $0.16 annualized dividend and a yield of 1.15%. Cascades’s dividend payout ratio (DPR) is currently 3.44%.

CAS has been the subject of a number of recent research reports. Desjardins reduced their price objective on shares of Cascades from C$17.50 to C$16.00 in a research note on Friday, August 11th. CIBC reduced their price objective on shares of Cascades from C$18.00 to C$14.00 in a research note on Monday, November 13th. TD Securities reduced their price objective on shares of Cascades from C$18.00 to C$16.50 and set a “hold” rating for the company in a research note on Friday, November 10th. National Bank Financial reduced their price objective on shares of Cascades from C$21.00 to C$18.50 and set an “outperform” rating for the company in a research note on Friday, November 10th. Finally, Scotiabank increased their price objective on shares of Cascades from C$16.75 to C$18.00 and gave the stock a “sector perform” rating in a research note on Friday, November 10th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Cascades currently has an average rating of “Hold” and an average price target of C$16.79.

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About Cascades

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.

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