TD Securities Lowers CCL Industries (TSE:CCL.B) Price Target to C$94.00

CCL Industries (TSE:CCL.B) had its price target cut by TD Securities from C$98.00 to C$94.00 in a research report sent to investors on Friday,BayStreet.CA reports.

A number of other analysts have also commented on CCL.B. CIBC boosted 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. 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 increased their target price on CCL Industries from C$84.00 to C$87.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. Scotiabank boosted their price target on shares of CCL Industries from C$80.00 to C$84.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. 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 note on Monday, August 12th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$88.44.

CCL Industries Trading Down 0.7 %

CCL.B opened at C$76.60 on Friday. The company has a fifty day moving average price of C$81.17 and a two-hundred day moving average price of C$75.53. CCL Industries has a 1-year low of C$55.34 and a 1-year high of C$84.70. The company has a market cap of C$12.80 billion, a P/E ratio of 20.43, a price-to-earnings-growth ratio of 0.26 and a beta of 0.57. The company has a current ratio of 1.96, a quick ratio of 1.31 and a debt-to-equity ratio of 48.08.

Insider Buying and Selling

In other CCL Industries news, Director Stuart W. Lang sold 37,290 shares of CCL Industries stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of C$76.70, for a total value of C$2,860,143.00. Also, Director Derek Cumming sold 10,000 shares of the business’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of C$81.41, for a total transaction of C$814,100.00. Over the last ninety days, insiders have sold 96,381 shares of company stock worth $7,490,534. 11.22% of the stock is owned by 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.