National Bankshares Boosts CCL Industries (TSE:CCL.B) Price Target to C$96.00

Key Points

• National Bankshares has increased the price target for CCL Industries from C$94.00 to C$96.00, indicating a potential upside of 19.25% from the current stock price.
• Other analysts have varied opinions, with BMO Capital Markets also raising their target to C$95.00 while CIBC lowered theirs to C$88.00.
• Insider selling was noted, with directors selling shares for total amounts of approximately C$1.9 million and C$790,000 respectively.

CCL Industries (TSE:CCL.B - Get Free Report) had its price objective lifted by research analysts at National Bankshares from C$94.00 to C$96.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. National Bankshares' price target would indicate a potential upside of 19.25% from the company's current price.

Several other equities analysts have also commented on the company. BMO Capital Markets increased their price objective on CCL Industries from C$91.00 to C$95.00 in a research report on Friday. CIBC dropped their target price on CCL Industries from C$96.00 to C$88.00 and set an "outperform" rating for the company in a report on Tuesday, April 22nd. Finally, TD Securities increased their target price on CCL Industries from C$90.00 to C$95.00 and gave the company a "buy" rating in a report on Friday, May 9th.

CCL Industries Price Performance

Shares of CCL Industries stock traded up C$0.35 during trading on Friday, hitting C$80.50. 157,661 shares of the stock traded hands, compared to its average volume of 289,406. The company has a quick ratio of 1.31, a current ratio of 1.96 and a debt-to-equity ratio of 48.08. The stock has a market cap of C$13.45 billion, a price-to-earnings ratio of 21.41, a PEG ratio of 0.26 and a beta of 0.57. The firm's fifty day moving average is C$78.79 and its 200-day moving average is C$74.62. CCL Industries has a 52 week low of C$64.93 and a 52 week high of C$84.70.

Insiders Place Their Bets

In other news, Director Ben Yaacob Lilienthal sold 24,200 shares of the firm's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of C$78.50, for a total value of C$1,899,700.00. Also, Director Gunther Johann Birkner sold 10,000 shares of the firm's stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of C$79.00, for a total value of C$790,000.00. Company insiders own 11.22% of the company's stock.

About CCL Industries

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.