CCL Industries (TSE:CCL.B – Get Free Report) had its price objective dropped by research analysts at TD Securities from C$98.00 to C$94.00 in a report issued on Friday,BayStreet.CA reports. TD Securities’ price objective would suggest a potential upside of 21.89% from the stock’s current price.
A number of other research firms also recently weighed in on CCL.B. BMO Capital Markets upped their price target on CCL Industries from C$84.00 to C$90.00 in a research report on Thursday, September 12th. National Bankshares raised 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 research report on Monday, August 12th. Raymond James 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. CIBC increased their price objective on shares of CCL Industries from C$86.00 to C$88.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 14th. Finally, Scotiabank raised their price objective on CCL Industries from C$80.00 to C$84.00 and gave the company an “outperform” rating in a report on Monday, August 12th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$86.78.
View Our Latest Report on CCL.B
CCL Industries Stock Performance
Insider Activity at CCL Industries
In other CCL Industries news, Director Geoffrey Martin sold 6,000 shares of CCL Industries stock in a transaction on Monday, August 19th. The shares were sold at an average price of C$77.62, for a total transaction of C$465,702.00. Also, Director Stuart W. Lang sold 37,290 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of C$76.70, for a total transaction of C$2,860,143.00. In the last ninety days, insiders sold 102,381 shares of company stock worth $7,956,236. 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.
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