CCL Industries (TSE:CCL.B) Price Target Raised to C$97.00

CCL Industries (TSE:CCL.B) had its price target boosted by CIBC from C$96.00 to C$97.00 in a report published on Wednesday,BayStreet.CA reports.

Several other research firms also recently commented on CCL.B. Stifel Nicolaus upped their price objective on CCL Industries from C$85.00 to C$90.00 in a research note on Monday, November 18th. BMO Capital Markets boosted their target price on CCL Industries from C$90.00 to C$93.00 in a research note on Friday, November 15th. Royal Bank of Canada cut their price target on CCL Industries from C$92.00 to C$90.00 in a research note on Friday, November 15th. Finally, TD Securities decreased their price objective on CCL Industries from C$98.00 to C$94.00 in a report on Friday, November 15th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$90.25.

CCL Industries Stock Performance

Shares of CCL.B stock opened at C$72.29 on Wednesday. CCL Industries has a 52 week low of C$55.34 and a 52 week high of C$84.70. The firm’s 50-day simple moving average is C$75.77 and its two-hundred day simple moving average is C$76.56. The firm has a market cap of C$12.08 billion, a price-to-earnings ratio of 19.23, a P/E/G ratio of 0.26 and a beta of 0.57. The company has a debt-to-equity ratio of 48.08, a quick ratio of 1.31 and a current ratio of 1.96.

Insider Buying and Selling

In other CCL Industries news, Director Derek Cumming sold 3,500 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of C$78.25, for a total value of C$273,889.70. Also, insider CCL Industries Inc. purchased 67,024 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were acquired at an average price of C$78.37 per share, with a total value of C$5,252,845.14. In the last quarter, insiders have purchased 201,072 shares of company stock valued at $15,572,229. Corporate 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.