CCL Industries (TSE:CCL.B – Free Report) had its price target decreased by CIBC from C$97.00 to C$96.00 in a report published on Tuesday,BayStreet.CA reports. CIBC currently has an outperform rating on the stock.
Several other equities analysts also recently commented on the stock. Scotiabank upped their price target on shares of CCL Industries from C$85.00 to C$86.00 in a report on Friday, February 21st. Stifel Nicolaus increased their price target on CCL Industries from C$85.00 to C$90.00 in a report on Monday, November 18th. BMO Capital Markets raised their price target on CCL Industries from C$90.00 to C$93.00 in a research note on Friday, November 15th. Royal Bank of Canada cut their price objective on CCL Industries from C$92.00 to C$90.00 in a research report on Friday, November 15th. Finally, TD Securities decreased their target price on CCL Industries from C$98.00 to C$94.00 in a research report on Friday, November 15th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$90.38.
Get Our Latest Research Report on CCL Industries
CCL Industries Trading Up 2.3 %
Insiders Place Their Bets
In related news, Director Derek Cumming sold 3,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of C$78.25, for a total value of C$273,889.70. Also, insider CCL Industries Inc. bought 67,024 shares of the stock in a transaction on Friday, November 29th. The shares were bought at an average price of C$77.55 per share, with a total value of C$5,197,557.04. 11.22% of the stock is currently owned by company insiders.
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.
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