CCL Industries (TSE:CCL.B) PT Raised to C$83.00

CCL Industries (TSE:CCL.B - Get Free Report) had its target price boosted by research analysts at National Bankshares from C$81.00 to C$83.00 in a research note issued to investors on Thursday, BayStreet.CA reports. National Bankshares' target price suggests a potential upside of 17.41% from the company's previous close.

Other equities analysts also recently issued research reports about the stock. CIBC raised their target price on shares of CCL Industries from C$82.00 to C$83.00 in a research note on Thursday, April 11th. Raymond James raised shares of CCL Industries from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock from C$74.00 to C$78.00 in a research note on Thursday, March 7th. BMO Capital Markets lifted their target price on shares of 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. Royal Bank of Canada lifted their target price on shares of 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. Finally, Scotiabank boosted their price objective on shares of CCL Industries from C$72.00 to C$79.00 and gave the company an "outperform" rating in a research report on Friday, February 23rd. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of C$79.10.

CCL Industries Stock Down 3.3 %

Shares of CCL Industries stock traded down C$2.42 during trading on Thursday, reaching C$70.69. The stock had a trading volume of 350,353 shares, compared to its average volume of 273,551. The company has a market capitalization of C$11.85 billion, a price-to-earnings ratio of 23.96, a P/E/G ratio of 0.26 and a beta of 0.54. The company has a current ratio of 1.89, a quick ratio of 1.31 and a debt-to-equity ratio of 49.37. CCL Industries has a 52 week low of C$52.82 and a 52 week high of C$74.49. The stock has a fifty day moving average price of C$70.54 and a two-hundred day moving average price of C$62.50.

Insider Activity at CCL Industries

In other CCL Industries news, Director Tom Peddie sold 1,200 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of C$71.03, for a total transaction of C$85,236.00. In related news, Director Tom Peddie sold 1,200 shares of the business's stock in a transaction dated Monday, March 18th. The stock was sold at an average price of C$71.03, for a total value of C$85,236.00. Also, Director Derek Cumming sold 700 shares of the business's stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of C$69.51, for a total value of C$48,653.50. Insiders sold 293,799 shares of company stock worth $21,357,228 in the last ninety days. 11.13% of the stock is owned by company 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.