CCL Industries (TSE:CCL.B) Price Target Cut to C$90.00 by Analysts at Royal Bank of Canada

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

Several other research analysts also recently weighed in on the stock. Scotiabank upped their target price on shares of CCL Industries from C$80.00 to C$84.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. BMO Capital Markets increased their target price on CCL Industries from C$84.00 to C$90.00 in a research report on Thursday, September 12th. TD Securities decreased their target price on CCL Industries from C$98.00 to C$94.00 in a research note on Friday. CIBC upped their price target on 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. Finally, National Bankshares lifted 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 analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$88.44.

CCL Industries Price Performance

Shares of TSE:CCL.B opened at C$76.60 on Friday. The company has a market capitalization of C$12.80 billion, a P/E ratio of 20.43, a P/E/G ratio of 0.26 and a beta of 0.57. CCL Industries has a 1-year low of C$55.34 and a 1-year high of C$84.70. The firm’s 50 day simple moving average is C$81.17 and its two-hundred day simple moving average is C$75.53. 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 news, Director Stuart W. Lang sold 37,290 shares of CCL Industries stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of C$76.70, for a total value of C$2,860,143.00. Also, Director Derek Cumming sold 10,000 shares of the 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. Insiders have sold a total of 96,381 shares of company stock valued at $7,490,534 over the last 90 days. 11.22% of the stock is owned by corporate 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.