CCL Industries (TSE:CCL.B) Given New C$88.00 Price Target at CIBC

CCL Industries (TSE:CCL.B - Free Report) had its price objective lowered by CIBC from C$96.00 to C$88.00 in a research report released on Tuesday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

CCL.B has been the subject of several other reports. TD Securities reduced their price objective on CCL Industries from C$94.00 to C$90.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Scotiabank raised their price target on shares of CCL Industries from C$85.00 to C$86.00 in a research report on Friday, February 21st. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, CCL Industries currently has a consensus rating of "Buy" and a consensus price target of C$88.88.

CCL Industries Stock Performance

Shares of TSE:CCL.B traded up C$0.72 during midday trading on Tuesday, hitting C$70.16. The company's stock had a trading volume of 265,355 shares, compared to its average volume of 329,258. The stock's 50 day simple moving average is C$70.54 and its 200 day simple moving average is C$74.23. CCL Industries has a fifty-two week low of C$64.93 and a fifty-two week high of C$84.70. The stock has a market capitalization of C$11.72 billion, a price-to-earnings ratio of 18.66, a PEG ratio of 0.26 and a beta of 0.57. The company has a debt-to-equity ratio of 48.08, a quick ratio of 1.31 and a current ratio of 1.96.

Insider Activity at CCL Industries

In other CCL Industries news, Director Tom Peddie sold 400 shares of CCL Industries stock in a transaction on Friday, March 28th. The shares were sold at an average price of C$69.85, for a total transaction of C$27,940.00. Following the completion of the sale, the director now owns 100 shares of the company's stock, valued at approximately C$6,985. The trade was a 80.00 % decrease in their position. Also, insider CCL Industries Inc. purchased 67,024 shares of CCL Industries stock in a transaction dated Friday, February 28th. The stock was bought at an average price of C$73.98 per share, for a total transaction of C$4,958,609.78. Insiders have sold a total of 8,427 shares of company stock valued at $609,884 over the last quarter. 11.22% of the stock is owned by company insiders.

CCL Industries Company Profile

CCL Industries Inc manufactures and sells packaging and packaging-related products. The company operates through various segments, which include The CCL segment, which generates the majority of revenue, sells pressure sensitive and extruded film materials used for labels on consumer packaging, healthcare, automotive, and consumer durable products.