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

CCL Industries (TSE:CCL.B) had its price target lifted by CIBC from C$93.00 to C$96.00 in a research note issued to investors on Monday,BayStreet.CA reports.

A number of other brokerages have also recently issued reports on CCL.B. BMO Capital Markets increased their price objective on CCL Industries from C$90.00 to C$93.00 in a report on Friday, November 15th. Stifel Nicolaus increased their price target on CCL Industries from C$85.00 to C$90.00 in a report on Monday. National Bankshares raised their price objective 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. Royal Bank of Canada dropped their price objective on shares of CCL Industries from C$92.00 to C$90.00 in a research note on Friday, November 15th. Finally, Raymond James boosted their price objective 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, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$88.44.

CCL Industries Stock Up 2.5 %

Shares of TSE:CCL.B opened at C$78.00 on Monday. The company has a market capitalization of C$13.03 billion, a PE ratio of 20.24, a price-to-earnings-growth 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. The business has a fifty day moving average price of C$81.13 and a two-hundred day moving average price of C$75.60. CCL Industries has a 1 year low of C$55.34 and a 1 year high of C$84.70.

Insider Buying and Selling

In other news, Director Derek Cumming sold 10,000 shares of CCL Industries stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of C$81.41, for a total transaction of C$814,100.00. Also, insider CCL Industries Inc. purchased 67,024 shares of the firm’s stock in a transaction on Friday, August 30th. The shares were purchased at an average cost of C$76.93 per share, for a total transaction of C$5,155,915.03. Over the last three months, insiders have sold 59,091 shares of company stock valued at $4,630,391. Corporate 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.