CCL Industries (TSE:CCL.B) Price Target Raised to C$90.00 at Stifel Nicolaus

CCL Industries (TSE:CCL.B) had its price target raised by Stifel Nicolaus from C$85.00 to C$90.00 in a research report sent to investors on Monday morning,BayStreet.CA reports.

Several other research analysts also recently commented on the company. Scotiabank boosted their target price 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. National Bankshares upped their price objective 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, August 12th. TD Securities cut their target price on shares of CCL Industries from C$98.00 to C$94.00 in a research report on Friday, November 15th. CIBC upped their price target on shares of CCL Industries from C$86.00 to C$88.00 and gave the stock an “outperform” rating in a report on Wednesday, August 14th. Finally, Raymond James increased their price target on CCL Industries from C$84.00 to C$87.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, CCL Industries presently has an average rating of “Buy” and a consensus price target of C$88.44.

CCL Industries Price Performance

Shares of TSE CCL.B opened at C$77.42 on Monday. The business has a fifty day moving average price of C$81.12 and a two-hundred day moving average price of C$75.66. The stock has a market capitalization of C$12.93 billion, a PE ratio of 20.59, 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 current ratio of 1.96 and a quick ratio of 1.31. CCL Industries has a fifty-two week low of C$55.34 and a fifty-two week high of C$84.70.

Insider Activity

In other news, insider CCL Industries Inc. purchased 67,024 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were acquired at an average cost of C$76.93 per share, with a total value of C$5,155,915.03. Also, Senior Officer Sean Washchuk sold 657 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of C$82.02, for a total value of C$53,887.14. Insiders sold 59,091 shares of company stock worth $4,630,391 in the last quarter. 11.22% of the stock is owned by corporate insiders.

About CCL Industries

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.