CCL Industries (TSE:CCL.B) Price Target Raised to C$83.00 at CIBC

CCL Industries (TSE:CCL.B - Get Free Report) had its price objective upped by stock analysts at CIBC from C$82.00 to C$83.00 in a report released on Thursday, BayStreet.CA reports. CIBC's price objective indicates a potential upside of 20.03% from the stock's current price.

Several other analysts have also issued reports on CCL.B. Raymond James raised CCL Industries from a "market perform" rating to an "outperform" rating and increased their target price for the stock from C$74.00 to C$78.00 in a report on Thursday, March 7th. National Bankshares upped 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. Royal Bank of Canada upped their price objective on CCL Industries from C$72.00 to C$81.00 and gave the stock an "outperform" rating in a research report on Friday, February 23rd. Scotiabank upped 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. Finally, Stifel Nicolaus upgraded CCL Industries from a "hold" rating to a "buy" rating and upped their price objective for the stock from C$65.00 to C$79.00 in a research report on Monday, February 26th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, CCL Industries has an average rating of "Buy" and a consensus target price of C$78.90.

CCL Industries Stock Performance

TSE CCL.B traded down C$0.14 on Thursday, reaching C$69.15. The stock had a trading volume of 205,688 shares, compared to its average volume of 282,601. The company has a debt-to-equity ratio of 49.37, a current ratio of 1.89 and a quick ratio of 1.31. The firm has a fifty day moving average of C$66.42 and a two-hundred day moving average of C$60.43. CCL Industries has a 1-year low of C$52.82 and a 1-year high of C$74.49. The company has a market cap of C$11.48 billion, a P/E ratio of 23.44, a price-to-earnings-growth ratio of 0.26 and a beta of 0.55.

Insider Transactions at CCL Industries

In related news, Director Gunther Johann Birkner sold 10,000 shares of the firm's stock in a transaction that occurred 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. In related news, Director Gunther Johann Birkner sold 10,000 shares of the firm's stock in a transaction that occurred 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 Tom Peddie sold 1,200 shares of the firm's stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of C$71.03, for a total value of C$85,236.00. Insiders sold 293,799 shares of company stock worth $21,357,228 over the last ninety days. 10.03% of the stock is owned by 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.