Scotiabank Raises CCL Industries (TSE:CCL.B) Price Target to C$84.00

CCL Industries (TSE:CCL.B) had its target price hoisted by Scotiabank from C$80.00 to C$84.00 in a report published on Monday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

CCL.B has been the subject of several other research reports. Stifel Nicolaus upped their price target on shares of CCL Industries from C$79.00 to C$83.00 in a research report on Friday, May 10th. Raymond James increased their price target on shares of CCL Industries from C$84.00 to C$87.00 and gave the stock an outperform rating in a research report on Monday. Royal Bank of Canada lifted their price target on shares of CCL Industries from C$81.00 to C$83.00 in a research note on Friday, May 10th. CIBC upped their price objective on CCL Industries from C$83.00 to C$85.00 in a research note on Thursday, July 18th. Finally, TD Securities boosted their price target on CCL Industries from C$90.00 to C$92.00 and gave the company a buy rating in a report on Monday. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of Buy and an average price target of C$84.78.

CCL Industries Stock Up 0.1 %

CCL Industries stock opened at C$74.69 on Monday. CCL Industries has a one year low of C$52.82 and a one year high of C$75.53. The stock has a fifty day moving average of C$72.44 and a 200 day moving average of C$69.58. The company has a debt-to-equity ratio of 48.74, a quick ratio of 1.31 and a current ratio of 1.95. The stock has a market cap of C$12.52 billion, a PE ratio of 24.17, a price-to-earnings-growth ratio of 0.26 and a beta of 0.53.

Insider Buying and Selling

In other news, Senior Officer James Andrew Sellors sold 30,000 shares of the business’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of C$71.35, for a total value of C$2,140,461.00. In other CCL Industries news, Senior Officer James Andrew Sellors sold 30,000 shares of the stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of C$71.35, for a total transaction of C$2,140,461.00. Also, Director Gunther Johann Birkner sold 20,000 shares of CCL Industries stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of C$71.69, for a total transaction of C$1,433,800.00. In the last quarter, insiders sold 54,400 shares of company stock valued at $3,898,649. Company insiders own 11.13% of the company’s stock.

CCL Industries Company Profile

CCL Industries Inc manufactures and sells labels, containers, consumer printable media products, technology driven label solutions, polymer bank note substrates, and specialty films. The company operates through four segments: CCL, Avery, Checkpoint, and Innovia. The CCL segment offers pressure sensitive and specialty extruded film materials for decorative, instructional, functional, and security applications in the consumer packaging, healthcare, chemicals, consumer electronic device, and automotive markets.