BMO Capital Markets Increases CCL Industries (TSE:CCL.B) Price Target to C$93.00

CCL Industries (TSE:CCL.B) had its price target increased by analysts at BMO Capital Markets from C$90.00 to C$93.00 in a report issued on Friday,BayStreet.CA reports. BMO Capital Markets’ target price suggests a potential upside of 20.59% from the company’s current price.

A number of other brokerages have also weighed in on CCL.B. Royal Bank of Canada cut their price objective on CCL Industries from C$92.00 to C$90.00 in a research report on Friday. Raymond James lifted their price objective on shares of CCL Industries from C$84.00 to C$87.00 and gave the company an “outperform” rating in a report on Monday, August 12th. National Bankshares lifted their price target on shares of CCL Industries from C$84.00 to C$87.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. TD Securities decreased their target price on CCL Industries from C$98.00 to C$94.00 in a research report on Friday. Finally, CIBC raised their price target 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 equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, CCL Industries has an average rating of “Buy” and a consensus price target of C$86.78.

CCL Industries Stock Down 2.1 %

TSE CCL.B opened at C$77.12 on Friday. The stock’s 50-day moving average price is C$81.17 and its 200-day moving average price is C$75.53. The company has a market capitalization of C$12.88 billion, a P/E ratio of 20.51, a price-to-earnings-growth ratio of 0.26 and a beta of 0.57. The company has a quick ratio of 1.31, a current ratio of 1.96 and a debt-to-equity ratio of 48.08. CCL Industries has a 52 week low of C$55.34 and a 52 week high of C$84.70.

Insider Transactions at CCL Industries

In other CCL Industries news, Director Geoffrey Martin sold 6,000 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of C$77.62, for a total value of C$465,702.00. Also, insider CCL Industries Inc. purchased 67,024 shares of the company’s stock in a transaction on Friday, August 30th. The shares were bought at an average price of C$76.93 per share, with a total value of C$5,155,915.03. Over the last ninety days, insiders sold 102,381 shares of company stock worth $7,956,236. Company insiders own 11.22% of the company’s stock.

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.