Royal Bank of Canada Lowers CCL Industries (TSE:CCL.B) Price Target to C$90.00

CCL Industries (TSE:CCL.B) had its price target cut by Royal Bank of Canada from C$92.00 to C$90.00 in a research note published on Friday,BayStreet.CA reports.

Several other equities research analysts have also recently issued reports on CCL.B. National Bankshares boosted their price objective on shares of CCL Industries from C$84.00 to C$87.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. Scotiabank increased their price objective on CCL Industries from C$80.00 to C$84.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Raymond James upped their target price on CCL Industries from C$84.00 to C$87.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. BMO Capital Markets increased their price target on CCL Industries from C$84.00 to C$90.00 in a research report on Thursday, September 12th. Finally, CIBC lifted their price objective on CCL Industries from C$86.00 to C$88.00 and gave the company an “outperform” rating in a report on Wednesday, August 14th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$88.44.

CCL Industries Stock Down 0.7 %

TSE:CCL.B opened at C$76.60 on Friday. The stock has a fifty day simple moving average of C$81.17 and a 200-day simple moving average of C$75.53. The company has a current ratio of 1.96, a quick ratio of 1.31 and a debt-to-equity ratio of 48.08. The company has a market cap of C$12.80 billion, a price-to-earnings ratio of 20.43, a price-to-earnings-growth ratio of 0.26 and a beta of 0.57. CCL Industries has a twelve month low of C$55.34 and a twelve month high of C$84.70.

Insider Buying and Selling at CCL Industries

In related news, Director Stuart W. Lang sold 37,290 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of C$76.70, for a total value of C$2,860,143.00. Also, Senior Officer Sean Washchuk sold 657 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of C$82.02, for a total transaction of C$53,887.14. Insiders have sold 96,381 shares of company stock worth $7,490,534 over the last quarter. Insiders own 11.22% 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.