Insider Selling: Cascades, Inc. (CAS) Insider Sells 118,500 Shares of Stock

Cascades, Inc. (TSE:CAS) insider Bernard Lemaire sold 118,500 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of C$12.69, for a total value of C$1,503,765.00.

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

  • On Friday, December 1st, Bernard Lemaire sold 800 shares of Cascades stock. The stock was sold at an average price of C$12.74, for a total value of C$10,192.00.

Shares of Cascades, Inc. (CAS) traded up C$0.20 during mid-day trading on Wednesday, hitting C$12.85. The company’s stock had a trading volume of 258,759 shares, compared to its average volume of 238,986. Cascades, Inc. has a one year low of C$11.12 and a one year high of C$18.20.

The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders 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 dividend yield of 1.25%. Cascades’s dividend payout ratio (DPR) is currently 3.44%.

Several equities research analysts have recently weighed in on CAS shares. National Bank Financial cut their target price on Cascades from C$21.00 to C$18.50 and set an “outperform” rating on the stock in a research report on Friday, November 10th. CIBC dropped their price target on Cascades from C$18.00 to C$14.00 in a research note on Monday, November 13th. Desjardins downgraded Cascades from a “buy” rating to a “hold” rating and dropped their price target for the stock from C$18.00 to C$15.00 in a research note on Monday, November 13th. Scotiabank raised their price target on 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. Finally, TD Securities dropped their price target on Cascades from C$18.00 to C$16.50 and set a “hold” rating on the stock in a research note on Friday, November 10th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price 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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