CCL Industries (TSE:CCL.B) PT Lowered to C$72.00

CCL Industries (TSE:CCL.BGet Rating) had its target price reduced by equities researchers at TD Securities from C$73.00 to C$72.00 in a note issued to investors on Friday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ target price suggests a potential upside of 22.08% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the company. CIBC reduced their price objective on CCL Industries from C$74.00 to C$73.00 in a research note on Friday, October 14th. BMO Capital Markets reduced their price objective on CCL Industries from C$80.00 to C$79.00 in a research note on Friday. Royal Bank of Canada reduced their price objective on CCL Industries from C$74.00 to C$71.00 and set an “outperform” rating on the stock in a research note on Friday. National Bankshares cut their target price on CCL Industries from C$81.00 to C$78.00 in a research note on Friday. Finally, Scotiabank lowered their price target on CCL Industries from C$78.00 to C$75.00 in a report on Friday. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, CCL Industries currently has a consensus rating of “Buy” and an average target price of C$75.88.

CCL Industries Trading Down 1.9 %

Shares of TSE CCL.B opened at C$58.98 on Friday. The business’s 50 day moving average is C$64.99 and its two-hundred day moving average is C$62.49. The company has a debt-to-equity ratio of 62.75, a current ratio of 1.86 and a quick ratio of 1.26. CCL Industries has a 1-year low of C$53.36 and a 1-year high of C$69.38. The stock has a market capitalization of C$10.44 billion and a P/E ratio of 17.45.

Insider Transactions at CCL Industries

In other news, Senior Officer Lalitha Vaidyanathan sold 6,854 shares of CCL Industries stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of C$63.52, for a total transaction of C$435,338.66. Following the sale, the insider now owns 119,319 shares of the company’s stock, valued at approximately C$7,578,665.60. In related news, Director Sebastian Rubino sold 400 shares of the business’s stock in a transaction on Monday, September 19th. The shares were sold at an average price of C$67.72, for a total transaction of C$27,088.00. Following the completion of the transaction, the director now owns 80,448 shares in the company, valued at C$5,447,938.56. Also, Senior Officer Lalitha Vaidyanathan sold 6,854 shares of the company’s stock in a transaction on Thursday, September 1st. The shares were sold at an average price of C$63.52, for a total transaction of C$435,338.66. Following the completion of the transaction, the insider now owns 119,319 shares of the company’s stock, valued at approximately C$7,578,665.60. Insiders have sold a total of 46,332 shares of company stock worth $3,090,225 in the last ninety days.

CCL Industries Company Profile

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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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