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.

COPYRIGHT VIOLATION WARNING: This report was reported by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://theolympiareport.com/2017/12/22/laurent-lemaire-buys-1400-shares-of-cascades-inc-cas-stock.html.

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.

Receive News & Ratings for Cascades Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cascades and related companies with MarketBeat.com's FREE daily email newsletter.