Royal Bank of Canada Raises CCL Industries (TSE:CCL.B) Price Target to C$83.00

CCL Industries (TSE:CCL.BFree Report) had its price objective lifted by Royal Bank of Canada from C$81.00 to C$83.00 in a research report released on Friday, BayStreet.CA reports.

A number of other analysts have also recently issued reports on the company. CIBC boosted their price objective on CCL Industries from C$82.00 to C$83.00 in a research report on Thursday, April 11th. Raymond James raised shares of CCL Industries from a market perform rating to an outperform rating and boosted their price target for the company from C$74.00 to C$78.00 in a report on Thursday, March 7th. Stifel Nicolaus raised their price objective on shares of CCL Industries from C$79.00 to C$83.00 in a report on Friday. BMO Capital Markets lifted their target price on shares of CCL Industries from C$76.00 to C$81.00 and gave the company an outperform rating in a research report on Friday, February 23rd. Finally, TD Securities increased their price target on shares of CCL Industries from C$84.00 to C$90.00 in a research report on Friday. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat, CCL Industries currently has an average rating of Buy and a consensus price target of C$81.50.

Read Our Latest Analysis on CCL.B

CCL Industries Stock Performance

CCL.B traded up C$2.15 on Friday, hitting C$72.88. 103,390 shares of the stock traded hands, compared to its average volume of 272,266. The business has a fifty day moving average price of C$70.56 and a two-hundred day moving average price of C$62.71. The company has a current ratio of 1.89, a quick ratio of 1.31 and a debt-to-equity ratio of 49.37. The firm has a market capitalization of C$12.21 billion, a PE ratio of 24.48, a P/E/G ratio of 0.26 and a beta of 0.54. CCL Industries has a 52 week low of C$52.82 and a 52 week high of C$74.49.

Insider Activity

In related news, Director Derek Cumming sold 700 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of C$69.51, for a total transaction of C$48,653.50. In related news, Director Stuart W. Lang sold 175,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of C$73.84, for a total value of C$12,921,300.00. Also, Director Derek Cumming sold 700 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of C$69.51, for a total value of C$48,653.50. Over the last ninety days, insiders sold 296,174 shares of company stock worth $21,526,661. 11.13% of the stock is owned by corporate insiders.

About CCL Industries

(Get Free Report)

CCL Industries Inc manufactures and sells labels, containers, consumer printable media products, technology driven label solutions, polymer bank note substrates, and specialty films. The company operates through four segments: CCL, Avery, Checkpoint, and Innovia. The CCL segment offers pressure sensitive and specialty extruded film materials for decorative, instructional, functional, and security applications in the consumer packaging, healthcare, chemicals, consumer electronic device, and automotive markets.

Further Reading

Analyst Recommendations for CCL Industries (TSE:CCL.B)

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