TD Securities Has Lowered Expectations for CCL Industries (TSE:CCL.B) Stock Price

CCL Industries (TSE:CCL.B) had its target price cut by equities researchers at TD Securities from C$98.00 to C$94.00 in a research report issued on Friday,BayStreet.CA reports. TD Securities’ target price points to a potential upside of 21.68% from the company’s current price.

A number of other equities analysts also recently issued reports on CCL.B. BMO Capital Markets increased their price target on CCL Industries from C$84.00 to C$90.00 in a research report on Thursday, September 12th. Scotiabank increased their price target on CCL Industries from C$80.00 to C$84.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. National Bankshares increased their price target on CCL Industries from C$84.00 to C$87.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. CIBC increased their price target on CCL Industries from C$86.00 to C$88.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 14th. Finally, Raymond James increased their target price on CCL Industries from C$84.00 to C$87.00 and gave the company an “outperform” rating in a report on Monday, August 12th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat, CCL Industries has a consensus rating of “Buy” and an average price target of C$86.78.

CCL Industries Price Performance

CCL.B stock traded down C$1.50 during mid-day trading on Friday, reaching C$77.25. 134,974 shares of the company’s stock were exchanged, compared to its average volume of 267,547. The company has a market cap of C$12.91 billion, a price-to-earnings ratio of 20.64, a price-to-earnings-growth ratio of 0.26 and a beta of 0.57. The stock’s 50 day moving average is C$81.13 and its 200 day moving average is C$75.43. The company has a debt-to-equity ratio of 48.08, a current ratio of 1.96 and a quick ratio of 1.31. CCL Industries has a 12-month low of C$55.34 and a 12-month high of C$84.70.

Insider Activity at CCL Industries

In related news, Director Stuart W. Lang sold 37,290 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of C$76.70, for a total value of C$2,860,143.00. Also, Director Geoffrey Martin sold 6,000 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of C$77.62, for a total value of C$465,702.00. Over the last 90 days, insiders sold 102,381 shares of company stock valued at $7,956,236. 11.22% 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.