CCL Industries (TSE:CCL.B) Price Target Cut to C$88.00 by Analysts at CIBC

CCL Industries (TSE:CCL.B - Free Report) had its price target reduced by CIBC from C$96.00 to C$88.00 in a research note published on Tuesday,BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

CCL.B has been the subject of a number of other research reports. TD Securities cut their target price on shares of CCL Industries from C$94.00 to C$90.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Scotiabank lifted their price objective on CCL Industries from C$85.00 to C$86.00 in a report on Friday, February 21st. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of C$88.88.

CCL Industries Stock Performance

Shares of TSE CCL.B traded up C$0.72 during trading on Tuesday, reaching C$70.16. 265,355 shares of the company traded hands, compared to its average volume of 329,258. 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 firm has a 50 day simple moving average of C$70.54 and a 200-day simple moving average of C$74.23. CCL Industries has a 52-week low of C$64.93 and a 52-week high of C$84.70. The stock has a market capitalization of C$11.72 billion, a PE ratio of 18.66, a P/E/G ratio of 0.26 and a beta of 0.57.

Insider Buying and Selling

In related news, Director Tom Peddie sold 400 shares of CCL Industries stock in a transaction on Friday, March 28th. The shares were sold at an average price of C$69.85, for a total transaction of C$27,940.00. Following the transaction, the director now owns 100 shares in the company, valued at approximately C$6,985. The trade was a 80.00 % decrease in their position. Also, insider CCL Industries Inc. purchased 67,024 shares of the firm's stock in a transaction on Friday, February 28th. The shares were acquired at an average cost of C$73.98 per share, for a total transaction of C$4,958,609.78. In the last three months, insiders have sold 8,427 shares of company stock valued at $609,884. 11.22% of the stock is owned by company insiders.

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.