CIBC Issues Positive Forecast for CCL Industries (TSE:CCL.B) Stock Price

CCL Industries (TSE:CCL.B) had its price objective increased by CIBC from C$93.00 to C$96.00 in a report issued on Monday morning,BayStreet.CA reports.

A number of other research firms also recently issued reports on CCL.B. TD Securities reduced their price target on shares of CCL Industries from C$98.00 to C$94.00 in a research note on Friday. Raymond James upped their price target on CCL Industries from C$84.00 to C$87.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Royal Bank of Canada dropped their price objective on CCL Industries from C$92.00 to C$90.00 in a research note on Friday. Scotiabank increased their target price on CCL Industries from C$80.00 to C$84.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Finally, Stifel Nicolaus lifted their target price on CCL Industries from C$85.00 to C$90.00 in a research report on Monday. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$88.44.

CCL Industries Stock Down 0.7 %

Shares of TSE:CCL.B opened at C$76.60 on Monday. The business has a 50-day moving average price of C$81.17 and a 200 day moving average price of C$75.53. CCL Industries has a 12-month low of C$55.34 and a 12-month high of C$84.70. The company has a current ratio of 1.96, a quick ratio of 1.31 and a debt-to-equity ratio of 48.08. The company has a market capitalization of C$12.80 billion, a price-to-earnings ratio of 20.43, a PEG ratio of 0.26 and a beta of 0.57.

Insider Activity

In other 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 price of C$76.93 per share, for a total transaction of C$5,155,915.03. Also, Director Stuart W. Lang sold 37,290 shares of the stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of C$76.70, for a total value of C$2,860,143.00. In the last quarter, insiders sold 96,381 shares of company stock worth $7,490,534. 11.22% of the stock is currently owned by company insiders.

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.