CCL Industries (TSE:CCL.B) Given New C$93.00 Price Target at BMO Capital Markets

CCL Industries (TSE:CCL.B - Get Free Report) had its price target lifted by BMO Capital Markets from C$90.00 to C$93.00 in a report issued on Friday,BayStreet.CA reports. BMO Capital Markets' price target indicates a potential upside of 20.59% from the stock's current price.

CCL.B has been the topic of a number of other reports. National Bankshares lifted their price target on CCL Industries from C$84.00 to C$87.00 and gave the company an "outperform" rating in a report on Monday, August 12th. CIBC increased their price target on shares of 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. Scotiabank raised their price target on shares of CCL Industries from C$80.00 to C$84.00 and gave the company an "outperform" rating in a report on Monday, August 12th. TD Securities reduced their price objective on shares of CCL Industries from C$98.00 to C$94.00 in a research note on Friday. Finally, Raymond James raised their target price 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 investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of C$86.78.

CCL Industries Stock Down 2.1 %

Shares of TSE:CCL.B traded down C$1.63 during trading hours on Friday, hitting C$77.12. The company's stock had a trading volume of 312,900 shares, compared to its average volume of 268,348. The company has a debt-to-equity ratio of 48.08, a current ratio of 1.96 and a quick ratio of 1.31. The firm's fifty day moving average price is C$81.17 and its 200 day moving average price is C$75.53. CCL Industries has a 52 week low of C$55.34 and a 52 week high of C$84.70. The company has a market capitalization of C$12.88 billion, a price-to-earnings ratio of 20.51, a P/E/G ratio of 0.26 and a beta of 0.57.

Insider Transactions at CCL Industries

In other news, Director Geoffrey Martin sold 6,000 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of C$77.62, for a total value of C$465,702.00. Also, insider CCL Industries Inc. bought 67,024 shares of CCL Industries stock in a transaction that occurred on Friday, August 30th. The shares were acquired at an average cost of C$76.93 per share, with a total value of C$5,155,915.03. Over the last ninety days, insiders sold 102,381 shares of company stock worth $7,956,236. Company insiders own 11.22% of the company's stock.

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.