CIBC Boosts CCL Industries (TSE:CCL.B) Price Target to C$97.00

CCL Industries (TSE:CCL.BGet Free Report) had its price objective increased by CIBC from C$96.00 to C$97.00 in a research note issued on Wednesday,BayStreet.CA reports. CIBC’s price target would suggest a potential upside of 34.55% from the stock’s current price.

CCL.B has been the subject of a number of other research reports. Royal Bank of Canada decreased their price objective on shares of CCL Industries from C$92.00 to C$90.00 in a report on Friday, November 15th. BMO Capital Markets upped their price objective on shares of CCL Industries from C$90.00 to C$93.00 in a research report on Friday, November 15th. Stifel Nicolaus lifted their target price on CCL Industries from C$85.00 to C$90.00 in a report on Monday, November 18th. Finally, TD Securities decreased their target price on CCL Industries from C$98.00 to C$94.00 in a research note on Friday, November 15th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, CCL Industries has an average rating of “Buy” and a consensus target price of C$90.25.

Check Out Our Latest Report on CCL Industries

CCL Industries Trading Down 0.3 %

TSE:CCL.B opened at C$72.09 on Wednesday. The firm has a market capitalization of C$12.04 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 0.26 and a beta of 0.57. CCL Industries has a 1-year low of C$55.34 and a 1-year high of C$84.70. The business’s 50-day moving average price is C$75.56 and its two-hundred day moving average price is C$76.57. The company has a current ratio of 1.96, a quick ratio of 1.31 and a debt-to-equity ratio of 48.08.

Insiders Place Their Bets

In other CCL Industries news, Director Derek Cumming sold 3,500 shares of CCL Industries stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of C$78.25, for a total value of C$273,889.70. Also, insider CCL Industries Inc. acquired 67,024 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was bought at an average price of C$78.37 per share, with a total value of C$5,252,845.14. In the last 90 days, insiders bought 201,072 shares of company stock worth $15,572,229. Corporate insiders own 11.22% of the company’s stock.

About CCL Industries

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CCL Industries Inc manufactures and sells packaging and packaging-related products. The company operates through various segments, which include The CCL segment, which generates the majority of revenue, sells pressure sensitive and extruded film materials used for labels on consumer packaging, healthcare, automotive, and consumer durable products.

Further Reading

Analyst Recommendations for CCL Industries (TSE:CCL.B)

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