CCL Industries (TSE:CCL.B) Price Target Raised to C$90.00

CCL Industries (TSE:CCL.B) had its target price lifted by Stifel Nicolaus from C$85.00 to C$90.00 in a report issued on Monday morning,BayStreet.CA reports.

CCL.B has been the subject of several other reports. Scotiabank boosted their price target on CCL Industries from C$80.00 to C$84.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. CIBC boosted their target price on shares of CCL Industries from C$86.00 to C$88.00 and gave the stock an “outperform” rating in a report on Wednesday, August 14th. Raymond James raised 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 report on Monday, August 12th. TD Securities cut their price objective on shares of CCL Industries from C$98.00 to C$94.00 in a research report on Friday. Finally, National Bankshares increased their target price on shares of CCL Industries from C$84.00 to C$87.00 and gave the company an “outperform” rating in a research 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 a consensus price target of C$88.44.

CCL Industries Stock Performance

Shares of CCL.B stock opened at C$76.60 on Monday. The company’s 50 day moving average is C$81.17 and its 200 day moving average is C$75.53. The company has a quick ratio of 1.31, a current ratio of 1.96 and a debt-to-equity ratio of 48.08. The firm has a market cap of C$12.80 billion, a price-to-earnings ratio of 20.43, a PEG ratio of 0.26 and a beta of 0.57. CCL Industries has a 52-week low of C$55.34 and a 52-week high of C$84.70.

Insider Buying and Selling

In related news, Senior Officer Sean Washchuk sold 657 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of C$82.02, for a total value of C$53,887.14. Also, insider CCL Industries Inc. purchased 1,609 shares of CCL Industries stock in a transaction on Wednesday, September 18th. The shares were acquired at an average cost of C$80.70 per share, with a total value of C$129,847.27. Insiders sold 96,381 shares of company stock worth $7,490,534 in the last three months. Corporate insiders own 11.22% of the company’s stock.

About CCL Industries

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.