Cascades, Inc. (TSE:CAS) insider Laurent Lemaire purchased 1,400 shares of the business’s stock in a transaction dated Tuesday, December 19th. The stock was bought at an average price of C$14.38 per share, for a total transaction of C$20,132.00.

Shares of Cascades, Inc. (TSE:CAS) traded down C$0.03 during trading on Friday, reaching C$14.18. 155,129 shares of the company’s stock traded hands, compared to its average volume of 244,004. Cascades, Inc. has a one year low of C$11.44 and a one year high of C$18.20.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, December 1st were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend was Tuesday, November 21st. Cascades’s payout ratio is 3.44%.

Several brokerages have issued reports on CAS. National Bank Financial increased their target price on shares of Cascades from C$19.00 to C$21.00 and gave the stock an “outperform” rating in a report on Friday, October 13th. CIBC cut shares of Cascades from an “outperform” rating to a “neutral” rating in a report on Monday, September 25th. TD Securities dropped their target price on shares of Cascades from C$18.00 to C$16.50 and set a “hold” rating on the stock in a report on Friday, November 10th. Scotiabank increased their target price on shares of Cascades from C$16.75 to C$18.00 and gave the stock a “sector perform” rating in a report on Friday, November 10th. Finally, Desjardins cut shares of Cascades from a “buy” rating to a “hold” rating and dropped their target price for the stock from C$18.00 to C$15.00 in a report on Monday, November 13th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of C$17.21.

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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.

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