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

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

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

CCL Industries Stock Performance

CCL.B traded down C$1.63 during trading on Friday, reaching C$77.12. 312,900 shares of the company’s stock were exchanged, compared to its average volume of 268,348. The company has a market capitalization of C$12.88 billion, a P/E ratio of 20.51, a PEG ratio of 0.26 and a beta of 0.57. The business has a 50 day moving average price of C$81.17 and a 200 day moving average price of C$75.49. CCL Industries has a fifty-two week low of C$55.34 and a fifty-two week high of C$84.70. The company has a quick ratio of 1.31, a current ratio of 1.96 and a debt-to-equity ratio of 48.08.

Insider Activity at CCL Industries

In other CCL Industries news, Director Stuart W. Lang sold 37,290 shares of the business’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of C$76.70, for a total transaction of C$2,860,143.00. Also, Director Derek Cumming sold 10,000 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of C$81.41, for a total value of C$814,100.00. Insiders sold 102,381 shares of company stock valued at $7,956,236 over the last ninety days. 11.22% of the stock is owned by insiders.

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.