Cascades, Inc. (CAS) Insider Laurent Lemaire Purchases 1,400 Shares of Stock

Cascades, Inc. (TSE:CAS) insider Laurent Lemaire purchased 1,400 shares of Cascades stock in a transaction that occurred on Tuesday, December 19th. The shares were bought at an average price of C$14.38 per share, with a total value of C$20,132.00.

Shares of Cascades, Inc. (CAS) traded down C$0.03 during trading hours on Thursday, reaching C$14.18. 155,129 shares of the company’s stock were exchanged, compared to its average volume of 244,004. Cascades, Inc. has a 12-month low of C$11.44 and a 12-month high of C$18.20.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, December 1st were given a $0.04 dividend. The ex-dividend date was Tuesday, November 21st. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.13%. Cascades’s dividend payout ratio (DPR) is currently 3.44%.

CAS has been the subject of a number of research reports. National Bank Financial cut their target price on shares of Cascades from C$21.00 to C$18.50 and set an “outperform” rating for the company in a research report on Friday, November 10th. CIBC cut their target price on shares of Cascades from C$18.00 to C$14.00 in a research report on Monday, November 13th. Desjardins lowered shares of Cascades from a “buy” rating to a “hold” rating and cut their target price for the stock from C$18.00 to C$15.00 in a research report on Monday, November 13th. Scotiabank reiterated a “sector perform” rating and set a C$18.00 target price on shares of Cascades in a research report on Tuesday, December 5th. Finally, TD Securities cut their target price on shares of Cascades from C$18.00 to C$16.50 and set a “hold” rating for the company in a research report on Friday, November 10th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of C$17.21.

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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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