CCL Industries (TSE:CCL.B) Price Target Raised to C$92.00 at TD Securities

CCL Industries (TSE:CCL.B) had its price objective raised by TD Securities from C$90.00 to C$92.00 in a research note issued to investors on Monday, BayStreet.CA reports. They currently have a buy rating on the stock.

CCL.B has been the subject of a number of other reports. Stifel Nicolaus lifted their price target on CCL Industries from C$79.00 to C$83.00 in a report on Friday, May 10th. Royal Bank of Canada upped their target price on shares of CCL Industries from C$81.00 to C$83.00 in a research report on Friday, May 10th. BMO Capital Markets raised their price target on shares of CCL Industries from C$81.00 to C$83.00 in a report on Friday, May 10th. CIBC upped their price objective on CCL Industries from C$83.00 to C$85.00 in a report on Thursday, July 18th. Finally, Scotiabank boosted their target price on CCL Industries from C$79.00 to C$80.00 in a research report on Friday, May 10th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of Buy and a consensus target price of C$84.78.

CCL Industries Trading Up 4.0 %

Shares of CCL.B opened at C$77.65 on Monday. 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 company has a market cap of C$13.01 billion, a price-to-earnings ratio of 25.13, a PEG ratio of 0.26 and a beta of 0.53. The stock has a fifty day moving average price of C$72.56 and a two-hundred day moving average price of C$69.64. CCL Industries has a 52-week low of C$52.82 and a 52-week high of C$78.16.

Insider Buying and Selling

In other news, Senior Officer Mark Mcclendon sold 400 shares of the company’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of C$73.47, for a total value of C$29,388.00. In related news, Director Tom Peddie sold 4,000 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of C$73.75, for a total transaction of C$295,000.00. Following the sale, the director now owns 500 shares of the company’s stock, valued at approximately C$36,875. Also, Senior Officer Mark Mcclendon sold 400 shares of CCL Industries stock in a transaction dated Monday, August 12th. The stock was sold at an average price of C$73.47, for a total value of C$29,388.00. Insiders sold a total of 24,400 shares of company stock valued at $1,758,188 over the last three months. 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.