CCL Industries (TSE:CCL.B) Price Target Raised to C$96.00

CCL Industries (TSE:CCL.B) had its target price boosted by analysts at CIBC from C$93.00 to C$96.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. CIBC’s price objective indicates a potential upside of 25.00% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. National Bankshares lifted their price target on shares of CCL Industries from C$84.00 to C$87.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. Raymond James lifted their price target on shares of CCL Industries from C$84.00 to C$87.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. TD Securities lowered their price objective on shares of CCL Industries from C$98.00 to C$94.00 in a report on Friday. Royal Bank of Canada lowered their price objective on shares of CCL Industries from C$92.00 to C$90.00 in a report on Friday. Finally, Scotiabank lifted their price objective on shares of CCL Industries from C$80.00 to C$84.00 and gave the company an “outperform” rating in a report on Monday, August 12th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, CCL Industries currently has a consensus rating of “Buy” and an average price target of C$88.44.

CCL Industries Stock Down 0.4 %

CCL.B traded down C$0.32 during trading on Monday, reaching C$76.80. The company had a trading volume of 139,505 shares, compared to its average volume of 267,770. The company has a debt-to-equity ratio of 48.08, a current ratio of 1.96 and a quick ratio of 1.31. CCL Industries has a 12 month low of C$55.34 and a 12 month high of C$84.70. The business’s fifty day moving average price is C$81.17 and its 200 day moving average price is C$75.53. The company has a market cap of C$12.83 billion, a P/E ratio of 20.43, a PEG ratio of 0.26 and a beta of 0.57.

Insider Buying and Selling

In related news, Senior Officer Lalitha Vaidyanathan sold 13,524 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of C$76.39, for a total transaction of C$1,033,064.55. Also, Director Sebastian Rubino sold 18,934 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of C$76.39, for a total transaction of C$1,446,320.93. Over the last three months, insiders have sold 96,381 shares of company stock worth $7,490,534. Insiders own 11.22% of the company’s stock.

CCL Industries Company Profile

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.