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

CCL Industries (TSE:CCL.B) had its price objective reduced by equities research analysts at CIBC from C$97.00 to C$96.00 in a research note issued on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. CIBC’s price target indicates a potential upside of 30.08% from the stock’s current price.

Several other equities research analysts have also recently issued reports on the stock. Royal Bank of Canada lowered their target price on shares of CCL Industries from C$92.00 to C$90.00 in a research note on Friday, November 15th. TD Securities lowered their target price on shares of CCL Industries from C$98.00 to C$94.00 in a research note on Friday, November 15th. Scotiabank lifted their target price on shares of CCL Industries from C$85.00 to C$86.00 in a research note on Friday, February 21st. Stifel Nicolaus lifted their price target on 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 CCL Industries from C$90.00 to C$93.00 in a report on Friday, November 15th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$90.38.

CCL Industries Price Performance

CCL Industries stock opened at C$73.80 on Tuesday. The company’s fifty day moving average price is C$72.51 and its 200 day moving average price is C$76.49. CCL Industries has a 1 year low of C$66.96 and a 1 year high of C$84.70. The stock has a market capitalization of C$12.33 billion, a P/E ratio of 19.63, a P/E/G ratio of 0.26 and a beta of 0.57. The company has a debt-to-equity ratio of 48.08, a quick ratio of 1.31 and a current ratio of 1.96.

Insider Buying and Selling

In related news, Director Derek Cumming sold 3,500 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of C$78.25, for a total transaction of C$273,889.70. Also, insider CCL Industries Inc. bought 67,024 shares of CCL Industries stock in a transaction that occurred on Tuesday, December 3rd. The shares were acquired at an average price of C$78.37 per share, for a total transaction of C$5,252,845.14. 11.22% of the stock is currently 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.