Royal Bank of Canada Cuts CCL Industries (TSE:CCL.B) Price Target to C$90.00

CCL Industries (TSE:CCL.B) had its price target decreased by Royal Bank of Canada from C$92.00 to C$90.00 in a report published on Friday,BayStreet.CA reports.

Several other equities analysts also recently commented on CCL.B. Raymond James upped their price objective on 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. Scotiabank lifted their price objective on CCL Industries from C$80.00 to C$84.00 and gave the company an “outperform” rating in a report on Monday, August 12th. CIBC increased their price objective on shares of 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. TD Securities cut their price target on CCL Industries from C$98.00 to C$94.00 in a report on Friday. Finally, BMO Capital Markets increased their price target on shares of CCL Industries from C$84.00 to C$90.00 in a research report on Thursday, September 12th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$86.78.

CCL Industries Price Performance

CCL Industries stock opened at C$77.12 on Friday. The company has a current ratio of 1.96, a quick ratio of 1.31 and a debt-to-equity ratio of 48.08. CCL Industries has a 12-month low of C$55.34 and a 12-month high of C$84.70. The firm has a market capitalization of C$12.88 billion, a PE ratio of 20.51, a price-to-earnings-growth ratio of 0.26 and a beta of 0.57. The firm has a 50-day moving average price of C$81.17 and a 200-day moving average price of C$75.53.

Insider Buying and Selling

In related news, Director Sebastian Rubino sold 18,934 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$1,446,320.93. Also, Director Derek Cumming sold 10,000 shares of the business’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 worth $7,490,534 in the last 90 days. 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.