Royal Bank of Canada Boosts CCL Industries (TSE:CCL.B) Price Target to C$73.00

CCL Industries (TSE:CCL.B) had its target price lifted by Royal Bank of Canada from C$66.00 to C$73.00 in a report released on Tuesday, BayStreet.CA reports.

Other equities research analysts have also recently issued research reports about the company. TD Securities cut their target price on Power Financial from C$35.00 to C$34.00 in a research note on Thursday, May 16th. BMO Capital Markets raised their target price on SilverCrest Metals from C$6.50 to C$7.00 in a research note on Thursday, May 16th. Finally, CIBC reissued a hold rating and set a $3.00 target price on shares of Information Services Group in a research note on Thursday, May 16th.

Shares of CCL Industries stock opened at C$66.79 on Tuesday. CCL Industries has a one year low of C$47.32 and a one year high of C$67.63. The stock has a market capitalization of $11.02 billion and a P/E ratio of 25.31. The company has a debt-to-equity ratio of 99.11, a quick ratio of 1.32 and a current ratio of 1.82. The stock’s 50 day moving average is C$64.30.

In other CCL Industries news, Senior Officer James Andrew Sellors sold 25,000 shares of the firm’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of C$59.50, for a total transaction of C$1,487,500.00. Following the completion of the sale, the insider now owns 40,950 shares of the company’s stock, valued at C$2,436,525. In the last three months, insiders have sold 25,200 shares of company stock valued at $1,499,709.

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.

Featured Story: What is a Real Estate Investment Trust (REIT)?

Receive News & Ratings for CCL Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CCL Industries and related companies with MarketBeat.com's FREE daily email newsletter.