CCL Industries (TSE:CCL.B) Given New C$90.00 Price Target at Royal Bank of Canada

CCL Industries (TSE:CCL.B) had its price objective dropped by research analysts at Royal Bank of Canada from C$92.00 to C$90.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. Royal Bank of Canada’s target price points to a potential upside of 16.50% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. BMO Capital Markets lifted their target price on CCL Industries from C$84.00 to C$90.00 in a report on Thursday, September 12th. TD Securities reduced their price target on CCL Industries from C$98.00 to C$94.00 in a research report on Friday. Scotiabank lifted their price target on 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. National Bankshares boosted their price objective on 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. Finally, CIBC boosted their price objective on 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. Nine 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 Stock Down 1.9 %

TSE CCL.B traded down C$1.50 during trading on Friday, hitting C$77.25. The company’s stock had a trading volume of 134,974 shares, compared to its average volume of 267,547. The company has a debt-to-equity ratio of 48.08, a current ratio of 1.96 and a quick ratio of 1.31. The company has a market cap of C$12.91 billion, a PE ratio of 20.55, a P/E/G ratio of 0.26 and a beta of 0.57. The business’s 50 day simple moving average is C$81.13 and its 200-day simple moving average is C$75.43. CCL Industries has a fifty-two week low of C$55.34 and a fifty-two week high of C$84.70.

Insiders Place Their Bets

In other news, Senior Officer Sean Washchuk sold 657 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of C$82.02, for a total value of C$53,887.14. Also, Senior Officer Lalitha Vaidyanathan sold 13,524 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of C$76.39, for a total value of C$1,033,064.55. Over the last 90 days, insiders have sold 102,381 shares of company stock valued at $7,956,236. Insiders own 11.22% of the company’s stock.

CCL Industries Company Profile

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.