CCL Industries (TSE:CCL.B) Price Target Raised to C$97.00

CCL Industries (TSE:CCL.B) had its price target increased by research analysts at CIBC from C$96.00 to C$97.00 in a report issued on Wednesday,BayStreet.CA reports. CIBC’s price target would indicate a potential upside of 34.00% from the stock’s previous close.

Several other brokerages have also weighed in on CCL.B. Royal Bank of Canada cut their price objective on shares of CCL Industries from C$92.00 to C$90.00 in a report on Friday, November 15th. Stifel Nicolaus upped their price target on shares of CCL Industries from C$85.00 to C$90.00 in a report on Monday, November 18th. TD Securities dropped their price target on CCL Industries from C$98.00 to C$94.00 in a research note on Friday, November 15th. Finally, BMO Capital Markets upped their price objective on CCL Industries from C$90.00 to C$93.00 in a research report on Friday, November 15th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, CCL Industries has a consensus rating of “Buy” and an average target price of C$90.25.

CCL Industries Trading Up 1.6 %

CCL.B stock traded up C$1.14 during midday trading on Wednesday, reaching C$72.39. The stock had a trading volume of 73,724 shares, compared to its average volume of 216,619. The firm has a market cap of C$12.09 billion, a price-to-earnings ratio of 19.25, a PEG ratio of 0.26 and a beta of 0.57. CCL Industries has a twelve month low of C$55.34 and a twelve month high of C$84.70. 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 business has a fifty day simple moving average of C$75.97 and a two-hundred day simple moving average of C$76.56.

Insiders Place Their Bets

In other CCL Industries news, Senior Officer James Andrew Sellors sold 10,000 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of C$77.50, for a total transaction of C$775,000.00. Also, insider CCL Industries Inc. bought 67,024 shares of the company’s stock in a transaction dated Wednesday, November 27th. The stock was bought at an average cost of C$76.42 per share, with a total value of C$5,121,826.63. Insiders have acquired a total of 201,072 shares of company stock worth $15,572,229 in the last quarter. Corporate insiders own 11.22% of the company’s stock.

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.