CCL Industries (TSE:CCL.B) Given New C$96.00 Price Target at CIBC

CCL Industries (TSE:CCL.B) had its price objective boosted by research analysts at CIBC from C$93.00 to C$96.00 in a research report issued on Monday,BayStreet.CA reports. CIBC’s price objective would suggest a potential upside of 26.13% from the stock’s previous close.

Several other brokerages have also recently issued reports on CCL.B. Stifel Nicolaus upped their price target on shares of CCL Industries from C$85.00 to C$90.00 in a research report on Monday. BMO Capital Markets lifted their target price on CCL Industries from C$90.00 to C$93.00 in a report on Friday, November 15th. Royal Bank of Canada decreased their price target on CCL Industries from C$92.00 to C$90.00 in a research note on Friday, November 15th. TD Securities reduced their target price on CCL Industries from C$98.00 to C$94.00 in a report on Friday, November 15th. Finally, National Bankshares boosted their price target on shares of CCL Industries from C$84.00 to C$87.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$88.44.

CCL Industries Price Performance

Shares of CCL.B opened at C$76.11 on Monday. 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 stock has a market cap of C$12.71 billion, a PE ratio of 20.17, a PEG ratio of 0.26 and a beta of 0.57. CCL Industries has a 12-month low of C$55.34 and a 12-month high of C$84.70. The business has a 50-day simple moving average of C$81.16 and a two-hundred day simple moving average of C$75.57.

Insider Buying and Selling at CCL Industries

In other CCL Industries news, Senior Officer Sean Washchuk sold 657 shares of the firm’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of C$82.02, for a total transaction of C$53,887.14. Also, Director Derek Cumming sold 10,000 shares of the company’s stock in a transaction 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. Over the last quarter, insiders sold 96,381 shares of company stock valued at $7,490,534. 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.