CCL Industries (TSE:CCL.B) Price Target Raised to C$98.00

CCL Industries (TSE:CCL.B) had its target price increased by TD Securities from C$92.00 to C$98.00 in a report issued on Thursday, BayStreet.CA reports. The firm currently has a buy rating on the stock.

CCL.B has been the topic of several other research reports. BMO Capital Markets boosted their price target on CCL Industries from C$84.00 to C$90.00 in a research report on Thursday, September 12th. Scotiabank boosted their target price 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 target on CCL Industries from C$86.00 to C$88.00 and gave the stock an “outperform” rating in a report on Wednesday, August 14th. 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. Finally, Raymond James upped their price objective on shares of CCL Industries from C$84.00 to C$87.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$86.11.

CCL Industries Trading Down 0.8 %

TSE CCL.B opened at C$83.30 on Thursday. The firm’s fifty day moving average is C$78.79 and its two-hundred day moving average is C$73.90. CCL Industries has a one year low of C$52.82 and a one year high of C$84.56. The company has a debt-to-equity ratio of 48.08, a quick ratio of 1.31 and a current ratio of 1.96. The firm has a market cap of C$13.92 billion, a PE ratio of 22.15, a P/E/G ratio of 0.26 and a beta of 0.57.

Insider Buying and Selling

In other news, Director Tom Peddie sold 4,000 shares of the stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of C$73.75, for a total value of C$295,000.00. Following the completion of the transaction, the director now owns 500 shares in the company, valued at C$36,875. This trade represents a 0.00 % decrease in their position. In other news, Director Tom Peddie sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of C$73.75, for a total transaction of C$295,000.00. Following the sale, the director now owns 500 shares of the company’s stock, valued at C$36,875. The trade was a 0.00 % decrease in their position. Also, Senior Officer Mark Mcclendon sold 400 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of C$73.47, for a total value of C$29,388.00. Insiders have sold 121,781 shares of company stock valued at $9,405,624 over the last quarter. Company 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.