CCL Industries (TSE:CCL.B - Free Report) had its target price raised by CIBC from C$96.00 to C$97.00 in a research report released on Wednesday morning,BayStreet.CA reports.
Several other research firms have also issued reports on CCL.B. Royal Bank of Canada decreased their target price on CCL Industries from C$92.00 to C$90.00 in a research note on Friday, November 15th. BMO Capital Markets raised their price objective on shares of CCL Industries from C$90.00 to C$93.00 in a research note on Friday, November 15th. Stifel Nicolaus lifted their price objective on shares of CCL Industries from C$85.00 to C$90.00 in a report on Monday, November 18th. Finally, TD Securities reduced their target price on shares of CCL Industries from C$98.00 to C$94.00 in a report on Friday, November 15th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, CCL Industries has a consensus rating of "Buy" and a consensus price target of C$90.25.
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CCL Industries Trading Up 1.5 %
CCL Industries stock traded up C$1.04 during trading on Wednesday, hitting C$72.29. The company had a trading volume of 204,346 shares, compared to its average volume of 229,983. CCL Industries has a 1-year low of C$55.34 and a 1-year high of C$84.70. The company's 50 day simple moving average is C$75.77 and its 200-day simple moving average is C$76.56. The stock has a market cap of C$12.08 billion, a price-to-earnings ratio of 19.23, a price-to-earnings-growth ratio of 0.26 and a beta of 0.57. The company has a current ratio of 1.96, a quick ratio of 1.31 and a debt-to-equity ratio of 48.08.
Insiders Place Their Bets
In related news, Director Derek Cumming sold 3,500 shares of the business's stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of C$78.25, for a total transaction of C$273,889.70. Also, insider CCL Industries Inc. purchased 67,024 shares of the company's stock in a transaction on Wednesday, November 27th. The stock was bought at an average price of C$76.42 per share, for a total transaction of C$5,121,826.63. Insiders bought 201,072 shares of company stock worth $15,572,229 in the last 90 days. Corporate insiders own 11.22% of the company's stock.
About CCL Industries
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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.
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