CCL Industries (TSE:CCL.B) Given New C$83.00 Price Target at CIBC

CCL Industries (TSE:CCL.B) had its price objective increased by CIBC from C$82.00 to C$83.00 in a research note released on Thursday morning, BayStreet.CA reports.

CCL.B has been the subject of several other reports. Scotiabank lifted their price objective on CCL Industries from C$72.00 to C$79.00 and gave the stock an outperform rating in a research report on Friday, February 23rd. Stifel Nicolaus upgraded CCL Industries from a hold rating to a buy rating and lifted their price objective for the stock from C$65.00 to C$79.00 in a research report on Monday, February 26th. BMO Capital Markets lifted their price objective on CCL Industries from C$76.00 to C$81.00 and gave the stock an outperform rating in a research report on Friday, February 23rd. National Bankshares lifted their price objective on CCL Industries from C$79.00 to C$81.00 and gave the stock an outperform rating in a research report on Friday, February 23rd. Finally, Pi Financial lifted their price objective on CCL Industries from C$74.00 to C$75.00 and gave the stock a buy rating in a research report on Friday, December 15th. Nine 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$78.90.

CCL Industries Price Performance

Shares of TSE:CCL.B opened at C$68.61 on Thursday. The business’s 50 day simple moving average is C$66.88 and its 200-day simple moving average is C$60.61. The firm has a market capitalization of C$11.39 billion, a price-to-earnings ratio of 23.26, a price-to-earnings-growth ratio of 0.26 and a beta of 0.55. The company has a debt-to-equity ratio of 49.37, a current ratio of 1.89 and a quick ratio of 1.31. CCL Industries has a 12 month low of C$52.82 and a 12 month high of C$74.49.

Insider Buying and Selling at CCL Industries

In other CCL Industries news, Director Derek Cumming sold 700 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of C$69.51, for a total value of C$48,653.50. In other news, Director Gunther Johann Birkner sold 10,000 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of C$70.00, for a total transaction of C$700,000.00. Also, Director Derek Cumming sold 700 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of C$69.51, for a total value of C$48,653.50. In the last three months, insiders sold 293,799 shares of company stock worth $21,357,228. Insiders own 10.03% 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.