CCL Industries (TSE:CCL.B) Price Target Lowered to C$94.00 at TD Securities

CCL Industries (TSE:CCL.B) had its price objective lowered by TD Securities from C$98.00 to C$94.00 in a report published on Friday,BayStreet.CA reports.

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

CCL Industries Stock Down 2.1 %

CCL.B traded down C$1.63 during midday trading on Friday, hitting C$77.12. 312,900 shares of the company’s stock traded hands, compared to its average volume of 268,348. The company has a market cap of C$12.88 billion, a PE ratio of 20.51, a price-to-earnings-growth ratio of 0.26 and a beta of 0.57. The stock’s fifty day simple moving average is C$81.17 and its 200-day simple moving average is C$75.49. 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 one year low of C$55.34 and a one year high of C$84.70.

Insider Transactions at CCL Industries

In other news, Senior Officer Sean Washchuk sold 657 shares of the firm’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of C$82.02, for a total value of C$53,887.14. Also, insider CCL Industries Inc. acquired 67,024 shares of the stock in a transaction dated Friday, August 30th. The stock was bought at an average price of C$76.93 per share, for a total transaction of C$5,155,915.03. Over the last quarter, insiders have sold 102,381 shares of company stock worth $7,956,236. Insiders own 11.22% of the company’s stock.

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.