CCL Industries (TSE:CCL.B) Price Target Raised to C$86.00

CCL Industries (TSE:CCL.B) had its price target upped by Scotiabank from C$85.00 to C$86.00 in a report released on Friday,BayStreet.CA reports.

Several other research firms have also commented on CCL.B. Royal Bank of Canada decreased their price target on shares of CCL Industries from C$92.00 to C$90.00 in a research report on Friday, November 15th. CIBC increased their price target on shares of CCL Industries from C$96.00 to C$97.00 in a research report on Wednesday, January 15th. BMO Capital Markets increased their price target on shares of CCL Industries from C$90.00 to C$93.00 in a research report on Friday, November 15th. Stifel Nicolaus increased their price target on shares of CCL Industries from C$85.00 to C$90.00 in a research report on Monday, November 18th. Finally, TD Securities decreased their price target on shares of CCL Industries from C$98.00 to C$94.00 in a research report on Friday, November 15th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, CCL Industries has an average rating of “Buy” and a consensus target price of C$90.50.

CCL Industries Stock Down 1.4 %

TSE:CCL.B opened at C$72.93 on Friday. The firm has a market cap of C$12.18 billion, a PE ratio of 19.40, a price-to-earnings-growth ratio of 0.26 and a beta of 0.57. The company has a 50-day moving average of C$72.57 and a 200 day moving average of C$76.51. CCL Industries has a 1-year low of C$63.16 and a 1-year high of C$84.70. 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 related news, Director Derek Cumming sold 3,500 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of C$78.25, for a total value of C$273,889.70. Also, Senior Officer James Andrew Sellors sold 10,000 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of C$77.50, for a total transaction of C$775,000.00. Insiders purchased 201,072 shares of company stock valued at $15,572,229 in the last three months. 11.22% of the stock is owned by insiders.

CCL Industries Company Profile

CCL Industries Inc manufactures and sells packaging and packaging-related products. The company operates through various segments, which include The CCL segment, which generates the majority of revenue, sells pressure sensitive and extruded film materials used for labels on consumer packaging, healthcare, automotive, and consumer durable products.