CCL Industries (TSE:CCL.B) Given New C$84.00 Price Target at Scotiabank

CCL Industries (TSE:CCL.B) had its price target raised by Scotiabank from C$80.00 to C$84.00 in a report published on Monday morning, BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

Other equities research analysts have also recently issued reports about the stock. CIBC upped their price target on shares of CCL Industries from C$83.00 to C$85.00 in a report on Thursday, July 18th. TD Securities increased their target price on CCL Industries from C$90.00 to C$92.00 and gave the company a buy rating in a research note on Monday. Stifel Nicolaus lifted their price target on CCL Industries from C$79.00 to C$83.00 in a research report on Friday, May 10th. Raymond James increased 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. Finally, National Bankshares boosted their target price 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. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of Buy and a consensus target price of C$84.78.

CCL Industries Price Performance

TSE CCL.B opened at C$77.65 on Monday. CCL Industries has a 1 year low of C$52.82 and a 1 year high of C$78.16. The company has a fifty day simple moving average of C$72.56 and a 200 day simple moving average of C$69.64. The company has a current ratio of 1.95, a quick ratio of 1.31 and a debt-to-equity ratio of 48.74. The company has a market cap of C$13.01 billion, a P/E ratio of 25.13, a P/E/G ratio of 0.26 and a beta of 0.53.

Insider Buying and Selling

In other news, Director Gunther Johann Birkner sold 20,000 shares of the firm’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of C$71.69, for a total transaction of C$1,433,800.00. In other news, Director Gunther Johann Birkner sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of C$71.69, for a total value of C$1,433,800.00. Also, insider CCL Industries Inc. bought 230,500 shares of the company’s stock in a transaction dated Thursday, June 27th. The stock was bought at an average cost of C$72.48 per share, with a total value of C$16,705,718.00. Insiders sold a total of 24,400 shares of company stock valued at $1,758,188 over the last ninety days. 11.13% of the stock is owned by company insiders.

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.