CCL Industries (TSE:CCL.B) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

CCL Industries (TSE:CCL.B) had its price target boosted by BMO Capital Markets from C$90.00 to C$93.00 in a research report sent to investors on Friday morning,BayStreet.CA reports.

Other analysts have also recently issued reports about the stock. Royal Bank of Canada reduced their price objective on shares of CCL Industries from C$92.00 to C$90.00 in a research note on Friday. CIBC raised their price objective on shares of CCL Industries from C$86.00 to C$88.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 14th. TD Securities decreased their price target on shares of CCL Industries from C$98.00 to C$94.00 in a research report on Friday. Raymond James upped their price target on CCL Industries from C$84.00 to C$87.00 and gave the company an “outperform” rating in a report on Monday, August 12th. Finally, Scotiabank raised their target price 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. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, CCL Industries currently has an average rating of “Buy” and an average price target of C$86.78.

CCL Industries Price Performance

TSE CCL.B opened at C$77.12 on Friday. The firm has a market cap of C$12.88 billion, a P/E ratio of 20.51, a price-to-earnings-growth ratio of 0.26 and a beta of 0.57. The stock’s 50-day moving average is C$81.17 and its two-hundred day moving average is C$75.53. CCL Industries has a fifty-two week low of C$55.34 and a fifty-two week high of C$84.70. The company has a debt-to-equity ratio of 48.08, a current ratio of 1.96 and a quick ratio of 1.31.

Insider Activity at CCL Industries

In other CCL Industries news, Director Stuart W. Lang sold 37,290 shares of CCL Industries stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of C$76.70, for a total transaction of C$2,860,143.00. Also, Director Derek Cumming sold 10,000 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of C$81.41, for a total value of C$814,100.00. Insiders sold 96,381 shares of company stock valued at $7,490,534 over the last ninety days. 11.22% of the stock is owned by insiders.

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.