CCL Industries (TSE:CCL.B) Price Target Increased to C$98.00 by Analysts at TD Securities

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

Several other research firms also recently weighed in on CCL.B. 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. Scotiabank increased 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 boosted their price target on CCL Industries from C$86.00 to C$88.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 14th. BMO Capital Markets increased their price objective on CCL Industries from C$84.00 to C$90.00 in a research note on Thursday, September 12th. Finally, Raymond James upped their target price 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. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$86.11.

CCL Industries Price Performance

TSE:CCL.B opened at C$83.30 on Thursday. The stock has a market capitalization of C$13.92 billion, a PE ratio of 22.15, a price-to-earnings-growth ratio of 0.26 and a beta of 0.57. CCL Industries has a 52 week low of C$52.82 and a 52 week high of C$84.56. 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 stock’s 50-day moving average price is C$78.79 and its 200-day moving average price is C$73.90.

Insider Activity

In other CCL Industries news, Senior Officer Mark Mcclendon sold 400 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of C$73.47, for a total transaction of C$29,388.00. In related news, insider CCL Industries Inc. bought 67,024 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was purchased at an average cost of C$76.93 per share, with a total value of C$5,155,915.03. Also, Senior Officer Mark Mcclendon sold 400 shares of the company’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. Over the last ninety days, insiders sold 121,781 shares of company stock valued at $9,405,624. 11.22% of the stock is currently owned by corporate 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.