TD Securities Cuts CCL Industries (TSE:CCL.B) Price Target to C$94.00

CCL Industries (TSE:CCL.B) had its price objective lowered by TD Securities from C$98.00 to C$94.00 in a research report released on Friday,BayStreet.CA reports.

A number of other research firms have also weighed in on CCL.B. BMO Capital Markets boosted their target price on shares of CCL Industries from C$84.00 to C$90.00 in a report on Thursday, September 12th. National Bankshares raised their price target on shares of CCL Industries from C$84.00 to C$87.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. CIBC boosted their target price on shares of CCL Industries from C$86.00 to C$88.00 and gave the company an “outperform” rating in a report on Wednesday, August 14th. Scotiabank boosted their price objective on CCL Industries from C$80.00 to C$84.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. Finally, Raymond James increased their price target on CCL Industries from C$84.00 to C$87.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of C$86.78.

CCL Industries Trading Down 2.1 %

Shares of CCL.B stock opened at C$77.12 on Friday. The company has a quick ratio of 1.31, a current ratio of 1.96 and a debt-to-equity ratio of 48.08. The firm has a market capitalization of C$12.88 billion, a P/E ratio of 20.51, a P/E/G 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. The stock’s fifty day simple moving average is C$81.17 and its 200 day simple moving average is C$75.53.

Insider Transactions at CCL Industries

In related news, Director Stuart W. Lang sold 37,290 shares of the firm’s stock in a transaction dated 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, Senior Officer Sean Washchuk sold 657 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of C$82.02, for a total transaction of C$53,887.14. Insiders sold a total of 96,381 shares of company stock valued at $7,490,534 over the last ninety days. 11.22% of the stock is currently 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.