Cascades Inc (TSE:CAS) Senior Officer Sells C$488,615.13 in Stock

Cascades Inc (TSE:CAS) Senior Officer Robert F. Hall sold 41,373 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of C$11.81, for a total value of C$488,615.13. Following the completion of the sale, the insider now directly owns 208,174 shares of the company’s stock, valued at approximately C$2,458,534.94.

CAS traded down C$0.05 during trading on Thursday, reaching C$11.74. 51,757 shares of the stock traded hands, compared to its average volume of 212,237. The stock has a market cap of $1.10 billion and a price-to-earnings ratio of 47.15. Cascades Inc has a fifty-two week low of C$7.55 and a fifty-two week high of C$13.60. The company has a debt-to-equity ratio of 115.99, a current ratio of 1.43 and a quick ratio of 0.81. The stock’s 50-day simple moving average is C$12.02 and its two-hundred day simple moving average is C$9.83.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, September 6th will be given a dividend of $0.08 per share. This is a boost from Cascades’s previous quarterly dividend of $0.04. The ex-dividend date is Tuesday, August 20th. This represents a $0.32 dividend on an annualized basis and a yield of 2.73%. Cascades’s dividend payout ratio (DPR) is presently 64.26%.

CAS has been the subject of a number of research reports. CIBC lifted their price objective on Cascades from C$10.00 to C$11.00 in a research report on Monday, May 13th. National Bank Financial lifted their price objective on Cascades from C$13.00 to C$14.50 and gave the company an “outperform” rating in a research report on Monday, August 12th. Royal Bank of Canada lifted their price objective on Cascades from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. TD Securities cut Cascades from a “buy” rating to a “hold” rating and set a C$13.50 price objective for the company. in a research report on Tuesday, July 16th. Finally, Raymond James lifted their price objective on Cascades from C$14.00 to C$15.00 in a research report on Monday, August 12th.

About Cascades

Cascades Inc produces, converts, and markets packaging and tissue products in Canada, the United States, and internationally. The company operates through four segments: Containerboard, Boxboard Europe, Specialty Products, and Tissue Papers. It offers containerboards, and coated recycled and virgin boxboards, as well as converts corrugated products.

Read More: Death Cross

Insider Buying and Selling by Quarter for Cascades (TSE:CAS)

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.