CCL Industries (TSE:CCL.B) Price Target Increased to C$90.00 by Analysts at BMO Capital Markets

CCL Industries (TSE:CCL.B) had its target price raised by BMO Capital Markets from C$84.00 to C$90.00 in a report published on Thursday morning, BayStreet.CA reports.

Several other research firms have also recently issued reports on CCL.B. National Bankshares increased their price objective on 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. Raymond James boosted their price objective on shares of CCL Industries from C$84.00 to C$87.00 and gave the stock an outperform rating in a report on Monday, August 12th. TD Securities increased their target price on shares of CCL Industries from C$90.00 to C$92.00 and gave the company a buy rating in a report on Monday, August 12th. Scotiabank boosted their price target on CCL Industries from C$80.00 to C$84.00 and gave the stock an outperform rating in a research note on Monday, August 12th. Finally, CIBC raised their price objective on CCL Industries from C$86.00 to C$88.00 and gave the company an outperform rating in a research note on Wednesday, August 14th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, CCL Industries presently has an average rating of Buy and an average price target of C$85.44.

CCL Industries Stock Down 0.2 %

Shares of CCL Industries stock opened at C$80.85 on Thursday. CCL Industries has a one year low of C$52.82 and a one year high of C$82.96. The company has a market cap of C$13.51 billion, a P/E ratio of 21.50, a PEG ratio of 0.26 and a beta of 0.56. The company has a debt-to-equity ratio of 48.08, a quick ratio of 1.31 and a current ratio of 1.96. The firm has a fifty day moving average of C$75.17 and a two-hundred day moving average of C$72.37.

Insiders Place Their Bets

In related news, Director Sebastian Rubino sold 5,776 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of C$80.78, for a total value of C$466,612.43. In related news, Director Sebastian Rubino sold 5,776 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of C$80.78, for a total transaction of C$466,612.43. Also, Director Tom Peddie sold 4,000 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of C$73.75, for a total value of C$295,000.00. Following the completion of the transaction, the director now owns 500 shares of the company’s stock, valued at C$36,875. Over the last 90 days, insiders sold 110,924 shares of company stock valued at $8,521,231. Corporate insiders own 11.16% of the company’s stock.

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.