CCL Industries (TSE:CCL.B) Stock Price Expected to Rise, Scotiabank Analyst Says

CCL Industries (TSE:CCL.B) had its target price boosted by analysts at Scotiabank from C$85.00 to C$86.00 in a report released on Friday,BayStreet.CA reports. Scotiabank’s target price would suggest a potential upside of 17.92% from the company’s current price.

A number of other equities research analysts have also recently weighed in on the stock. Stifel Nicolaus boosted their price target on shares of CCL Industries from C$85.00 to C$90.00 in a research report on Monday, November 18th. BMO Capital Markets boosted their price target on shares of CCL Industries from C$90.00 to C$93.00 in a research report on Friday, November 15th. TD Securities reduced their price target on shares of CCL Industries from C$98.00 to C$94.00 in a research report on Friday, November 15th. CIBC boosted their price target on shares of CCL Industries from C$96.00 to C$97.00 in a research report on Wednesday, January 15th. Finally, Royal Bank of Canada reduced their price target on shares of CCL Industries from C$92.00 to C$90.00 in a research report on Friday, November 15th. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$90.50.

CCL Industries Price Performance

CCL Industries stock opened at C$72.93 on Friday. The stock has a market cap of C$12.18 billion, a P/E ratio of 19.40, a price-to-earnings-growth ratio of 0.26 and a beta of 0.57. The company has a fifty day simple moving average of C$72.53 and a 200-day simple moving average of C$76.51. CCL Industries has a 12-month low of C$63.16 and a 12-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.

Insider Buying and Selling at CCL Industries

In other news, Director Derek Cumming sold 3,500 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were 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 stock in a transaction dated Wednesday, November 27th. The stock was acquired at an average price of C$76.42 per share, for a total transaction of C$5,121,826.63. Over the last three months, insiders purchased 201,072 shares of company stock valued at $15,572,229. Corporate insiders own 11.22% of the company’s stock.

CCL Industries Company Profile

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.