CCL Industries (TSE:CCL.B - Free Report) had its price objective lowered by Royal Bank of Canada from C$92.00 to C$90.00 in a research note published on Friday morning,BayStreet.CA reports.
Several other equities research analysts have also recently issued reports on CCL.B. Scotiabank lifted their target price on CCL Industries from C$80.00 to C$84.00 and gave the stock an "outperform" rating in a report on Monday, August 12th. Raymond James lifted their price objective 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. CIBC increased their target price on CCL Industries from C$86.00 to C$88.00 and gave the company an "outperform" rating in a research report on Wednesday, August 14th. TD Securities reduced their price target on shares of CCL Industries from C$98.00 to C$94.00 in a research report on Friday. Finally, National Bankshares upped their price target on shares of CCL Industries from C$84.00 to C$87.00 and gave the company an "outperform" rating in a research note on Monday, August 12th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of C$86.78.
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CCL Industries Price Performance
Shares of TSE:CCL.B traded down C$1.63 during midday trading on Friday, reaching C$77.12. 312,900 shares of the company were exchanged, compared to its average volume of 268,348. The stock has a market cap of C$12.88 billion, a PE ratio of 20.51, a price-to-earnings-growth ratio of 0.26 and a beta of 0.57. The business's fifty day moving average is C$81.17 and its two-hundred day moving average is C$75.53. CCL Industries has a one year low of C$55.34 and a one year 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.
Insider Buying and Selling at CCL Industries
In other news, Senior Officer Lalitha Vaidyanathan sold 13,524 shares of the company's stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of C$76.39, for a total transaction of C$1,033,064.55. Also, Senior Officer Sean Washchuk sold 657 shares of the firm's stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of C$82.02, for a total value of C$53,887.14. Insiders have sold 102,381 shares of company stock worth $7,956,236 over the last quarter. Insiders own 11.22% of the company's stock.
CCL Industries Company Profile
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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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