CCL Industries (TSE:CCL.B) Price Target Cut to C$96.00 by Analysts at CIBC

CCL Industries (TSE:CCL.B) 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.

CCL Industries Trading Up 2.3 %

CCL.B stock opened at C$74.32 on Tuesday. CCL Industries has a twelve month low of C$66.96 and a twelve month high of C$84.70. The stock has a market capitalization of C$12.42 billion, a price-to-earnings ratio of 19.77, a price-to-earnings-growth 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. The firm’s fifty day simple moving average is C$72.50 and its two-hundred day simple moving average is C$76.49.

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.