CCL Industries (TSE:CCL.B) Price Target Raised to C$93.00

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

Several other equities analysts have also recently commented on CCL.B. Scotiabank increased their price target on shares of 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 upped their target price on CCL Industries from C$86.00 to C$88.00 and gave the company an “outperform” rating in a report on Wednesday, August 14th. Raymond James upped their price objective on CCL Industries from C$84.00 to C$87.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. TD Securities cut their target price on CCL Industries from C$98.00 to C$94.00 in a research note on Friday. Finally, Royal Bank of Canada reduced their price objective on shares of CCL Industries from C$92.00 to C$90.00 in a report on Friday. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$86.78.

CCL Industries Price Performance

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

Insiders Place Their Bets

In other CCL Industries news, Director Stuart W. Lang sold 37,290 shares of the business’s 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 CCL Industries stock in a transaction on Monday, September 23rd. The shares were sold at an average price of C$81.41, for a total value of C$814,100.00. Over the last 90 days, insiders have sold 96,381 shares of company stock worth $7,490,534. 11.22% of the stock is owned by insiders.

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.