CCL Industries (TSE:CCL.B) PT Raised to C$84.00

CCL Industries (TSE:CCL.BFree Report) had its price objective raised by National Bankshares from C$83.00 to C$84.00 in a research report sent to investors on Tuesday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other brokerages have also recently commented on CCL.B. CIBC raised their target price on shares of CCL Industries from C$82.00 to C$83.00 in a report on Thursday, April 11th. BMO Capital Markets upped their price target on shares of CCL Industries from C$81.00 to C$83.00 in a research report on Friday, May 10th. TD Securities lifted their price objective on shares of CCL Industries from C$84.00 to C$90.00 in a research report on Friday, May 10th. Royal Bank of Canada increased their target price on CCL Industries from C$81.00 to C$83.00 in a report on Friday, May 10th. Finally, Scotiabank lifted their target price on shares of CCL Industries from C$79.00 to C$80.00 in a research note on Friday, May 10th. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of Buy and an average price target of C$82.00.

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CCL Industries Trading Down 1.1 %

TSE:CCL.B opened at C$71.65 on Tuesday. The stock has a fifty day simple moving average of C$70.86 and a 200 day simple moving average of C$65.14. The firm has a market capitalization of C$12.01 billion, a price-to-earnings ratio of 23.19, a price-to-earnings-growth ratio of 0.26 and a beta of 0.53. CCL Industries has a 1-year low of C$52.82 and a 1-year high of C$74.49. The company has a quick ratio of 1.31, a current ratio of 1.95 and a debt-to-equity ratio of 48.74.

Insiders Place Their Bets

In related news, Director Gunther Johann Birkner sold 20,000 shares of the stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of C$71.69, for a total transaction of C$1,433,800.00. In other CCL Industries news, Senior Officer Kamal Chandrakant Kotecha sold 5,206 shares of the stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of C$70.28, for a total value of C$365,867.79. Also, Director Gunther Johann Birkner sold 20,000 shares of the business’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of C$71.69, for a total transaction of C$1,433,800.00. Insiders sold a total of 86,524 shares of company stock valued at $6,142,840 in the last quarter. Insiders own 11.13% of the company’s stock.

About CCL Industries

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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.

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