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

CCL Industries (TSE:CCL.B) had its price target lifted by research analysts at CIBC from C$82.00 to C$83.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. CIBC’s target price would indicate a potential upside of 19.10% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. Raymond James raised shares of CCL Industries from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from C$74.00 to C$78.00 in a research note on Thursday, March 7th. Stifel Nicolaus raised CCL Industries from a “hold” rating to a “buy” rating and boosted their price target for the stock from C$65.00 to C$79.00 in a research report on Monday, February 26th. Scotiabank raised their price objective on 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. National Bankshares boosted their target price on shares of CCL Industries from C$79.00 to C$81.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Finally, Pi Financial raised their price target on shares of CCL Industries from C$74.00 to C$75.00 and gave the company a “buy” rating in a report on Friday, December 15th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$78.90.

CCL Industries Trading Up 0.6 %

TSE:CCL.B traded up C$0.40 during midday trading on Thursday, hitting C$69.69. The stock had a trading volume of 78,562 shares, compared to its average volume of 280,718. The stock has a 50-day moving average of C$66.19 and a 200 day moving average of C$60.37. The company has a market capitalization of C$11.57 billion, a price-to-earnings ratio of 23.62, a PEG ratio of 0.26 and a beta of 0.55. CCL Industries has a one year low of C$52.82 and a one year high of C$74.49. The company has a quick ratio of 1.31, a current ratio of 1.89 and a debt-to-equity ratio of 49.37.

Insider Transactions at CCL Industries

In other news, Director Derek Cumming sold 700 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of C$69.51, for a total transaction of C$48,653.50. In related news, Senior Officer Kamal Chandrakant Kotecha sold 5,206 shares of the company’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of C$70.28, for a total value of C$365,867.79. Also, Director Derek Cumming sold 700 shares of the firm’s stock in a transaction that occurred on 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 have sold 293,799 shares of company stock worth $21,357,228 over the last quarter. 10.03% of the stock is currently 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.