CCL Industries (TSE:CCL.B) Price Target Raised to C$97.00 at CIBC

CCL Industries (TSE:CCL.B) had its target price raised by CIBC from C$96.00 to C$97.00 in a research report report published on Wednesday morning,BayStreet.CA reports.

A number of other equities analysts have also recently issued reports on CCL.B. BMO Capital Markets upped their target price on CCL Industries from C$90.00 to C$93.00 in a report on Friday, November 15th. TD Securities dropped their price objective on shares of CCL Industries from C$98.00 to C$94.00 in a report on Friday, November 15th. Royal Bank of Canada cut their target price on shares of CCL Industries from C$92.00 to C$90.00 in a research report on Friday, November 15th. Finally, Stifel Nicolaus upped their price target on shares of CCL Industries from C$85.00 to C$90.00 in a research report on Monday, November 18th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$90.25.

CCL Industries Stock Performance

CCL Industries stock opened at C$72.29 on Wednesday. The company has a quick ratio of 1.31, a current ratio of 1.96 and a debt-to-equity ratio of 48.08. The stock has a market cap of C$12.08 billion, a PE ratio of 19.23, a P/E/G ratio of 0.26 and a beta of 0.57. CCL Industries has a 12-month low of C$55.34 and a 12-month high of C$84.70. The business’s 50-day moving average price is C$75.77 and its two-hundred day moving average price is C$76.56.

Insider Activity

In other CCL Industries news, Senior Officer James Andrew Sellors sold 10,000 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of C$77.50, for a total transaction of C$775,000.00. Also, insider CCL Industries Inc. bought 67,024 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was acquired at an average price of C$77.55 per share, for a total transaction of C$5,197,557.04. Insiders bought a total of 201,072 shares of company stock worth $15,572,229 in the last three months. Company insiders own 11.22% of the company’s stock.

About CCL Industries

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.