CCL Industries (TSE:CCL.B) Given New C$86.00 Price Target at Scotiabank

CCL Industries (TSE:CCL.B) had its target price increased by Scotiabank from C$85.00 to C$86.00 in a research note released on Friday morning,BayStreet.CA reports.

Several other analysts have also issued reports on the stock. TD Securities cut their target price on shares of CCL Industries from C$98.00 to C$94.00 in a research 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. CIBC boosted their target price on shares of CCL Industries from C$96.00 to C$97.00 in a research report on Wednesday, January 15th. Stifel Nicolaus lifted their price target on shares of CCL Industries from C$85.00 to C$90.00 in a report on Monday, November 18th. Finally, BMO Capital Markets lifted their price target on shares of CCL Industries from C$90.00 to C$93.00 in a report on Friday, November 15th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$90.50.

CCL Industries Stock Performance

Shares of CCL.B stock opened at C$72.93 on Friday. The company has a 50 day moving average price of C$72.57 and a 200-day moving average price of C$76.51. CCL Industries has a 52 week low of C$63.16 and a 52 week high of C$84.70. The firm has a market capitalization of C$12.18 billion, a PE ratio of 19.40, a P/E/G ratio of 0.26 and a beta of 0.57. 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 at CCL Industries

In other CCL Industries news, Director Derek Cumming sold 3,500 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of C$78.25, for a total transaction of C$273,889.70. Also, 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. Insiders have acquired a total of 201,072 shares of company stock valued at $15,572,229 over the last 90 days. 11.22% of the stock is owned by corporate insiders.

CCL Industries Company Profile

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.