CCL Industries (TSE:CCL.B) Given New C$96.00 Price Target at CIBC

CCL Industries (TSE:CCL.B) had its price objective raised by investment analysts at CIBC from C$93.00 to C$96.00 in a report issued on Monday,BayStreet.CA reports. CIBC’s price target would indicate a potential upside of 25.00% from the company’s current price.

CCL.B has been the subject of a number of other research reports. National Bankshares increased their target price on shares of CCL Industries from C$84.00 to C$87.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. BMO Capital Markets increased their target price on shares of CCL Industries from C$90.00 to C$93.00 in a research report on Friday. TD Securities dropped their target price on shares of CCL Industries from C$98.00 to C$94.00 in a research report on Friday. Royal Bank of Canada lowered their price objective on shares of CCL Industries from C$92.00 to C$90.00 in a research report on Friday. Finally, Raymond James raised their price objective 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. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$88.44.

CCL Industries Price Performance

Shares of TSE:CCL.B traded down C$0.32 during midday trading on Monday, reaching C$76.80. 139,505 shares of the company’s stock were exchanged, compared to its average volume of 267,770. The company’s 50 day simple moving average is C$81.17 and its two-hundred day simple moving average is C$75.53. The firm has a market capitalization of C$12.83 billion, a PE ratio of 20.43, a price-to-earnings-growth 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 company has a debt-to-equity ratio of 48.08, a quick ratio of 1.31 and a current ratio of 1.96.

Insider Activity

In other news, Director Sebastian Rubino sold 18,934 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of C$76.39, for a total value of C$1,446,320.93. Also, insider CCL Industries Inc. bought 67,024 shares of CCL Industries stock in a transaction dated Friday, August 30th. The stock was acquired at an average cost of C$76.93 per share, for a total transaction of C$5,155,915.03. In the last quarter, insiders have sold 96,381 shares of company stock valued at $7,490,534. 11.22% of the stock is currently owned by insiders.

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.