CCL Industries (TSE:CCL.B) Price Target Raised to C$91.00

CCL Industries (TSE:CCL.B) had its target price increased by BMO Capital Markets from C$90.00 to C$91.00 in a research note published on Friday,BayStreet.CA reports.

Several other research analysts have also weighed in on the stock. Scotiabank increased their price objective on shares of CCL Industries from C$85.00 to C$86.00 in a report on Friday, February 21st. CIBC dropped their price objective on shares of CCL Industries from C$96.00 to C$88.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 22nd. Finally, TD Securities dropped their price objective on shares of CCL Industries from C$94.00 to C$90.00 and set a “buy” rating on the stock in a research note on Thursday, April 17th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$89.25.

CCL Industries Price Performance

CCL Industries stock opened at C$78.05 on Friday. CCL Industries has a 12-month low of C$64.93 and a 12-month high of C$84.70. The stock has a market capitalization of C$13.04 billion, a P/E ratio of 20.76, a P/E/G ratio of 0.26 and a beta of 0.57. The firm’s 50-day moving average is C$70.41 and its two-hundred day moving average is C$73.54. The company has a debt-to-equity ratio of 48.08, a current ratio of 1.96 and a quick ratio of 1.31.

Insider Buying and Selling

In other CCL Industries news, insider CCL Industries Inc. purchased 67,024 shares of the company’s stock in a transaction on Friday, February 28th. The shares were purchased at an average cost of C$73.98 per share, for a total transaction of C$4,958,609.78. Also, Director Scott Mitchell-Harris sold 2,141 shares of the business’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of C$73.98, for a total transaction of C$158,391.18. Over the last 90 days, insiders purchased 169,402 shares of company stock valued at $12,293,509 and sold 23,427 shares valued at $1,764,884. Corporate insiders own 11.22% of the company’s stock.

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.