CCL Industries (TSE:CCL.B) Price Target Lowered to C$94.00 at TD Securities

CCL Industries (TSE:CCL.B) had its price objective reduced by TD Securities from C$98.00 to C$94.00 in a research report report published on Friday morning,BayStreet.CA reports.

CCL.B has been the topic of several other research reports. Raymond James raised 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 lifted their price target on CCL Industries from C$86.00 to C$88.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 14th. Scotiabank upped their target price on CCL Industries from C$80.00 to C$84.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. National Bankshares increased 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 report on Monday, August 12th. Finally, BMO Capital Markets raised their price objective on CCL Industries from C$84.00 to C$90.00 in a research note on Thursday, September 12th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, CCL Industries has a consensus rating of “Buy” and an average price target of C$86.78.

CCL Industries Stock Performance

TSE CCL.B opened at C$77.12 on Friday. The stock has a market capitalization of C$12.88 billion, a PE ratio of 20.51, a P/E/G ratio of 0.26 and a beta of 0.57. 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$81.17 and its two-hundred day simple moving average is C$75.53. The company has a debt-to-equity ratio of 48.08, a current ratio of 1.96 and a quick ratio of 1.31.

Insider Buying and Selling at CCL Industries

In other CCL Industries news, Director Derek Cumming sold 10,000 shares of CCL Industries stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of C$81.41, for a total transaction of C$814,100.00. Also, Senior Officer Sean Washchuk sold 657 shares of the firm’s 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 value of C$53,887.14. Insiders sold 96,381 shares of company stock valued at $7,490,534 in the last 90 days. Insiders own 11.22% of the company’s stock.

About CCL Industries

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.