CCL Industries (TSE:CCL.B) Given New C$68.00 Price Target at CIBC

CCL Industries (TSE:CCL.B) had its price objective decreased by CIBC from C$69.00 to C$68.00 in a report published on Tuesday, BayStreet.CA reports.

Other equities analysts have also recently issued research reports about the stock. Royal Bank of Canada dropped their price target on shares of CCL Industries from C$73.00 to C$71.00 and set an outperform rating on the stock in a research report on Friday, August 9th. BMO Capital Markets raised their price target on shares of CCL Industries from C$68.00 to C$70.00 in a research report on Friday, August 9th.

Shares of TSE CCL.B opened at C$52.93 on Tuesday. CCL Industries has a fifty-two week low of C$47.32 and a fifty-two week high of C$68.49. The stock has a market cap of $8.78 billion and a price-to-earnings ratio of 20.06. The company has a debt-to-equity ratio of 94.55, a quick ratio of 1.29 and a current ratio of 1.79. The firm’s 50-day simple moving average is C$54.61 and its 200 day simple moving average is C$59.63.

In other news, Director Gunther Johann Birkner bought 18,200 shares of the company’s stock in a transaction on Thursday, September 26th. The shares were purchased at an average price of C$55.00 per share, with a total value of C$1,001,000.00. Following the transaction, the director now directly owns 291,200 shares in the company, valued at C$16,016,000.

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.

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