CCL Industries (TSE:CCL.B) Price Target Raised to C$90.00

CCL Industries (TSE:CCL.B) had its target price raised by BMO Capital Markets from C$84.00 to C$90.00 in a research note issued to investors on Thursday, BayStreet.CA reports.

A number of other research firms also recently issued reports on CCL.B. Scotiabank increased 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 research report on Monday, August 12th. TD Securities increased their price objective on shares of CCL Industries from C$90.00 to C$92.00 and gave the stock a buy rating in a research report on Monday, August 12th. CIBC raised 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 research note on Wednesday, August 14th. National Bankshares upped 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 research report 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 company an outperform rating in a report on Monday, August 12th. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of Buy and a consensus target price of C$85.44.

CCL Industries Stock Performance

Shares of TSE:CCL.B opened at C$80.85 on Thursday. The business has a 50-day moving average of C$75.17 and a two-hundred day moving average of C$72.37. The firm has a market capitalization of C$13.51 billion, a PE ratio of 21.50, a P/E/G ratio of 0.26 and a beta of 0.56. The company has a debt-to-equity ratio of 48.08, a current ratio of 1.96 and a quick ratio of 1.31. CCL Industries has a 12 month low of C$52.82 and a 12 month high of C$82.96.

Insider Activity

In other CCL Industries news, insider CCL Industries Inc. acquired 230,500 shares of the company’s stock in a transaction on Thursday, June 27th. The shares were bought at an average cost of C$72.48 per share, for a total transaction of C$16,705,718.00. In related news, Senior Officer Mark Mcclendon sold 400 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of C$73.47, for a total value of C$29,388.00. Also, insider CCL Industries Inc. purchased 230,500 shares of the company’s stock in a transaction that occurred on Thursday, June 27th. The shares were purchased at an average cost of C$72.48 per share, for a total transaction of C$16,705,718.00. Insiders sold 110,924 shares of company stock worth $8,521,231 over the last ninety days. Corporate insiders own 11.16% 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.