CCL Industries (TSE:CCL.B – Get Free Report) had its price target hoisted by analysts at TD Securities from C$90.00 to C$92.00 in a note issued to investors on Monday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ target price points to a potential upside of 24.95% from the stock’s current price.
Other research analysts have also issued research reports about the company. Royal Bank of Canada increased their price objective on CCL Industries from C$81.00 to C$83.00 in a report on Friday, May 10th. Stifel Nicolaus raised their price objective on CCL Industries from C$79.00 to C$83.00 in a research report on Friday, May 10th. Raymond James raised their price objective on CCL Industries from C$80.00 to C$84.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 11th. BMO Capital Markets raised their price objective on CCL Industries from C$81.00 to C$83.00 in a research report on Friday, May 10th. Finally, CIBC raised their price objective on CCL Industries from C$83.00 to C$85.00 in a research report on Thursday, July 18th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$84.44.
Check Out Our Latest Stock Analysis on CCL.B
CCL Industries Stock Down 0.4 %
Insider Transactions at CCL Industries
In other news, Senior Officer James Andrew Sellors sold 30,000 shares of the stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of C$71.35, for a total value of C$2,140,461.00. In related news, Senior Officer Mark Mcclendon sold 400 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of C$73.47, for a total transaction of C$29,388.00. Also, Senior Officer James Andrew Sellors sold 30,000 shares of the firm’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of C$71.35, for a total value of C$2,140,461.00. In the last ninety days, insiders sold 50,400 shares of company stock valued at $3,603,649. Corporate insiders own 11.13% of the company’s stock.
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.
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