CCL Industries (TSE:CCL.B) Price Target Raised to C$90.00 at Stifel Nicolaus

CCL Industries (TSE:CCL.B) had its price target hoisted by Stifel Nicolaus from C$85.00 to C$90.00 in a research note published on Monday,BayStreet.CA reports.

Several other analysts have also issued reports on CCL.B. CIBC boosted their target price on shares of 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. National Bankshares upped their price objective on CCL Industries from C$84.00 to C$87.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. BMO Capital Markets lifted their target price on CCL Industries from C$90.00 to C$93.00 in a research report on Friday. TD Securities reduced their price target on CCL Industries from C$98.00 to C$94.00 in a research report on Friday. Finally, Raymond James raised their price objective on CCL Industries from C$84.00 to C$87.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$88.44.

CCL Industries Stock Down 0.7 %

CCL.B opened at C$76.60 on Monday. The stock has a market capitalization of C$12.80 billion, a price-to-earnings ratio of 20.43, a PEG ratio of 0.26 and a beta of 0.57. The firm has a 50 day moving average price of C$81.17 and a 200-day moving average price of C$75.53. CCL Industries has a twelve month low of C$55.34 and a twelve month high of C$84.70. The company has a quick ratio of 1.31, a current ratio of 1.96 and a debt-to-equity ratio of 48.08.

Insider Activity

In other CCL Industries news, insider CCL Industries Inc. acquired 67,024 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was bought at an average price of C$76.93 per share, for a total transaction of C$5,155,915.03. Also, Director Stuart W. Lang sold 37,290 shares of CCL Industries stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of C$76.70, for a total value of C$2,860,143.00. In the last three months, insiders have sold 96,381 shares of company stock worth $7,490,534. 11.22% of the stock is currently owned by corporate insiders.

CCL Industries Company Profile

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.