CCL Industries (TSE:CCL.B) PT Raised to C$98.00

CCL Industries (TSE:CCL.B) had its price objective increased by investment analysts at TD Securities from C$92.00 to C$98.00 in a report released on Thursday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price target indicates a potential upside of 17.65% from the company’s current price.

Several other equities analysts also recently issued reports on CCL.B. Scotiabank upped their target price on CCL Industries from C$80.00 to C$84.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. Raymond James upped their target price on CCL Industries from C$84.00 to C$87.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. BMO Capital Markets upped their target price on CCL Industries from C$84.00 to C$90.00 in a research report on Thursday, September 12th. National Bankshares upped their target price on CCL Industries from C$84.00 to C$87.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. Finally, CIBC upped their target price on 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. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$86.11.

CCL Industries Stock Performance

Shares of TSE:CCL.B opened at C$83.30 on Thursday. The firm has a 50 day moving average of C$78.79 and a 200 day moving average of C$73.88. The company has a market capitalization of C$13.92 billion, a price-to-earnings ratio of 22.15, 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$52.82 and a 52 week high of C$84.56.

Insider Transactions at CCL Industries

In related news, insider CCL Industries Inc. acquired 67,024 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was purchased at an average price of C$76.93 per share, with a total value of C$5,155,915.03. In other news, insider CCL Industries Inc. bought 67,024 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was purchased at an average price of C$76.93 per share, for a total transaction of C$5,155,915.03. Also, Director Tom Peddie sold 4,000 shares of the business’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of C$73.75, for a total transaction of C$295,000.00. Following the transaction, the director now owns 500 shares of the company’s stock, valued at approximately C$36,875. The trade was a 0.00 % decrease in their position. Insiders sold 121,781 shares of company stock worth $9,405,624 in the last 90 days. 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.