CCL Industries (TSE:CCL.B) Price Target Increased to C$84.00 by Analysts at BMO Capital Markets

CCL Industries (TSE:CCL.B) had its price objective lifted by BMO Capital Markets from C$83.00 to C$84.00 in a research note issued to investors on Monday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price target indicates a potential upside of 14.08% from the stock’s previous close.

A number of other analysts have also recently issued reports on CCL.B. CIBC upped their target price on CCL Industries from C$83.00 to C$85.00 in a research report on Thursday, July 18th. Scotiabank upped their price objective on CCL Industries from C$80.00 to C$84.00 and gave the company an “outperform” rating in a research note on Monday. Stifel Nicolaus increased their price objective on CCL Industries from C$79.00 to C$83.00 in a research report on Friday, May 10th. Raymond James increased 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. Finally, TD Securities increased their price objective on CCL Industries from C$90.00 to C$92.00 and gave the stock a “buy” rating in a research report on Monday. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$84.44.

CCL Industries Stock Performance

Shares of TSE CCL.B traded down C$0.29 during trading hours on Monday, reaching C$73.63. The stock had a trading volume of 58,832 shares, compared to its average volume of 258,487. The firm has a market cap of C$12.34 billion, a price-to-earnings ratio of 23.80, a PEG ratio of 0.26 and a beta of 0.53. The company has a current ratio of 1.95, a quick ratio of 1.31 and a debt-to-equity ratio of 48.74. CCL Industries has a fifty-two week low of C$52.82 and a fifty-two week high of C$75.53. The firm has a 50-day moving average of C$72.21 and a 200-day moving average of C$69.33.

Insider Activity at CCL Industries

In other news, Senior Officer Mark Mcclendon sold 400 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of C$73.47, for a total transaction of C$29,388.00. 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 value of C$1,433,800.00. Also, Senior Officer Mark Mcclendon sold 400 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of C$73.47, for a total value of C$29,388.00. Insiders sold a total of 50,400 shares of company stock valued at $3,603,649 over the last three months. 11.13% 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.