CCL Industries (TSE:CCL.B - Get Free Report) had its target price decreased by equities researchers at TD Securities from C$98.00 to C$94.00 in a research note issued to investors on Friday,BayStreet.CA reports. TD Securities' price target would suggest a potential upside of 21.89% from the stock's previous close.
A number of other research firms also recently weighed in on CCL.B. CIBC upped their target price on CCL Industries from C$86.00 to C$88.00 and gave the stock an "outperform" rating in a report on Wednesday, August 14th. Scotiabank increased their price objective 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 raised their price objective on CCL Industries from C$84.00 to C$87.00 and gave the company an "outperform" rating in a research report on Monday, August 12th. BMO Capital Markets upped their target price on shares of CCL Industries from C$84.00 to C$90.00 in a research report on Thursday, September 12th. Finally, National Bankshares lifted 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 report on Monday, August 12th. Nine analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of C$86.78.
View Our Latest Stock Report on CCL.B
CCL Industries Trading Down 2.1 %
Shares of CCL.B traded down C$1.63 during trading hours on Friday, reaching C$77.12. 312,900 shares of the company traded hands, compared to its average volume of 268,348. CCL Industries has a 12 month low of C$55.34 and a 12 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 company's fifty day moving average price is C$81.17 and its two-hundred day moving average price is C$75.53. The company has a market capitalization of C$12.88 billion, a price-to-earnings ratio of 20.51, a price-to-earnings-growth ratio of 0.26 and a beta of 0.57.
Insider Activity at CCL Industries
In related news, insider CCL Industries Inc. purchased 67,024 shares of CCL Industries stock in a transaction dated Friday, August 30th. The stock was purchased at an average cost of C$76.93 per share, for a total transaction of C$5,155,915.03. Also, Senior Officer Sean Washchuk sold 657 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of C$82.02, for a total transaction of C$53,887.14. Insiders sold 102,381 shares of company stock valued at $7,956,236 over 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 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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