TD Securities Cuts CCL Industries (TSE:CCL.B) Price Target to C$94.00

CCL Industries (TSE:CCL.B) had its target price reduced by investment analysts at TD Securities from C$98.00 to C$94.00 in a report released on Friday,BayStreet.CA reports. TD Securities’ price target suggests a potential upside of 21.89% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. CIBC boosted their price target on CCL Industries from C$86.00 to C$88.00 and gave the company an “outperform” rating in a research note on Wednesday, August 14th. National Bankshares raised 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 report on Monday, August 12th. Raymond James upped their price target on shares of CCL Industries from C$84.00 to C$87.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. 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 research note on Monday, August 12th. Finally, BMO Capital Markets upped their target price on CCL Industries from C$84.00 to C$90.00 in a research note on Thursday, September 12th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, CCL Industries presently has a consensus rating of “Buy” and an average target price of C$86.78.

CCL Industries Price Performance

Shares of TSE CCL.B opened at C$77.12 on Friday. The business has a fifty day moving average price of C$81.17 and a two-hundred day moving average price of C$75.53. The stock has a market capitalization of C$12.88 billion, a PE ratio of 20.51, a P/E/G ratio of 0.26 and a beta of 0.57. 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 fifty-two week low of C$55.34 and a fifty-two week high of C$84.70.

Insider Buying and Selling at CCL Industries

In other news, Senior Officer Lalitha Vaidyanathan sold 13,524 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of C$76.39, for a total value of C$1,033,064.55. Also, Director Geoffrey Martin sold 6,000 shares of CCL Industries stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of C$77.62, for a total transaction of C$465,702.00. Insiders have sold 102,381 shares of company stock worth $7,956,236 over the last quarter. 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.