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

CCL Industries (TSE:CCL.B) had its target price cut by CIBC from C$97.00 to C$96.00 in a research report report published on Tuesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other equities analysts have also recently issued reports on the company. TD Securities reduced their target price on CCL Industries from C$98.00 to C$94.00 in a research note on Friday, November 15th. Royal Bank of Canada decreased their price objective on CCL Industries from C$92.00 to C$90.00 in a report on Friday, November 15th. BMO Capital Markets increased their price objective on CCL Industries from C$90.00 to C$93.00 in a report on Friday, November 15th. Scotiabank increased their price objective on CCL Industries from C$85.00 to C$86.00 in a report on Friday, February 21st. Finally, Stifel Nicolaus increased their price objective on CCL Industries from C$85.00 to C$90.00 in a report on Monday, November 18th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, CCL Industries has an average rating of “Buy” and a consensus price target of C$90.38.

CCL Industries Price Performance

CCL.B opened at C$73.84 on Tuesday. The company has a debt-to-equity ratio of 48.08, a quick ratio of 1.31 and a current ratio of 1.96. CCL Industries has a 52-week low of C$66.96 and a 52-week high of C$84.70. The stock has a market capitalization of C$12.34 billion, a PE ratio of 19.64, a price-to-earnings-growth ratio of 0.26 and a beta of 0.57. The stock’s 50 day moving average price is C$72.52 and its 200-day moving average price is C$76.49.

Insider Transactions at CCL Industries

In related news, insider CCL Industries Inc. bought 67,024 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The shares were purchased at an average cost of C$78.37 per share, with a total value of C$5,252,845.14. Also, Director Derek Cumming sold 3,500 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of C$78.25, for a total value of C$273,889.70. Insiders own 11.22% of the company’s stock.

About CCL Industries

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.