Stifel Nicolaus Forecasts Strong Price Appreciation for CCL Industries (TSE:CCL.B) Stock

CCL Industries (TSE:CCL.B) had its price target boosted by research analysts at Stifel Nicolaus from C$85.00 to C$90.00 in a report issued on Monday,BayStreet.CA reports. Stifel Nicolaus’ price objective would indicate a potential upside of 18.25% from the stock’s current price.

Other equities analysts have also issued reports about the company. BMO Capital Markets lifted their price objective on CCL Industries from C$90.00 to C$93.00 in a research note on Friday, November 15th. CIBC lifted their price target on shares of CCL Industries from C$86.00 to C$88.00 and gave the company an “outperform” rating in a research report on Wednesday, August 14th. Royal Bank of Canada dropped their price objective on shares of CCL Industries from C$92.00 to C$90.00 in a research report on Friday, November 15th. National Bankshares lifted their target price 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. Finally, TD Securities lowered their price target on CCL Industries from C$98.00 to C$94.00 in a report on Friday, November 15th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat.com, CCL Industries currently has a consensus rating of “Buy” and an average price target of C$88.44.

CCL Industries Price Performance

Shares of CCL Industries stock opened at C$76.11 on Monday. The business’s fifty day moving average price is C$81.16 and its 200 day moving average price is C$75.57. CCL Industries has a twelve month low of C$55.34 and a twelve month high of C$84.70. The company has a current ratio of 1.96, a quick ratio of 1.31 and a debt-to-equity ratio of 48.08. The stock has a market capitalization of C$12.71 billion, a P/E ratio of 20.17, a PEG ratio of 0.26 and a beta of 0.57.

Insider Transactions at CCL Industries

In other CCL Industries news, insider CCL Industries Inc. acquired 1,609 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was purchased at an average price of C$80.70 per share, with a total value of C$129,847.27. Also, Senior Officer Sean Washchuk sold 657 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of C$82.02, for a total transaction of C$53,887.14. In the last 90 days, insiders sold 96,381 shares of company stock valued at $7,490,534. Insiders own 11.22% 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.