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

CCL Industries (TSE:CCL.B) had its target price lowered by Royal Bank of Canada from C$92.00 to C$90.00 in a research note issued to investors on Friday morning,BayStreet.CA reports.

CCL.B has been the subject of a number of other reports. BMO Capital Markets raised their price objective on CCL Industries from C$84.00 to C$90.00 in a research report on Thursday, September 12th. Raymond James raised their price objective 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 raised their price objective 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. TD Securities lowered their price objective on CCL Industries from C$98.00 to C$94.00 in a research report on Friday. Finally, Scotiabank raised their price objective 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. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$86.78.

CCL Industries Trading Down 2.1 %

CCL Industries stock traded down C$1.63 during trading hours on Friday, hitting C$77.12. The stock had a trading volume of 312,900 shares, compared to its average volume of 268,348. The company has a quick ratio of 1.31, a current ratio of 1.96 and a debt-to-equity ratio of 48.08. The stock has a market cap of C$12.88 billion, a price-to-earnings ratio of 20.51, a P/E/G ratio of 0.26 and a beta of 0.57. CCL Industries has a one year low of C$55.34 and a one year high of C$84.70. The business’s 50 day simple moving average is C$81.17 and its 200-day simple moving average is C$75.49.

Insider Buying and Selling

In other news, insider CCL Industries Inc. acquired 1,609 shares of CCL Industries stock in a transaction on Wednesday, September 18th. The stock was purchased at an average price of C$80.70 per share, with a total value of C$129,847.27. Also, Director Sebastian Rubino sold 18,934 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of C$76.39, for a total value of C$1,446,320.93. Insiders sold 102,381 shares of company stock valued at $7,956,236 over the last 90 days. Company 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.