TD Securities Increases CCL Industries (TSE:CCL.B) Price Target to C$98.00

CCL Industries (TSE:CCL.B) had its price target lifted by equities research analysts at TD Securities from C$92.00 to C$98.00 in a research note issued to investors on Thursday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ target price suggests a potential upside of 16.99% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. BMO Capital Markets boosted their price target on CCL Industries from C$84.00 to C$90.00 in a research report on Thursday, September 12th. Scotiabank raised their price target on CCL Industries from C$80.00 to C$84.00 and gave the company an “outperform” rating in a report on Monday, August 12th. National Bankshares upped their price target on shares of CCL Industries from C$84.00 to C$87.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. Raymond James raised their price objective on shares of 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. Finally, CIBC upped their target price on CCL Industries from C$86.00 to C$88.00 and gave the company an “outperform” rating in a research report on Wednesday, August 14th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$86.11.

CCL Industries Stock Performance

TSE CCL.B traded up C$1.24 on Thursday, hitting C$83.77. 114,266 shares of the stock were exchanged, compared to its average volume of 265,117. The company has a market capitalization of C$13.99 billion, a PE ratio of 22.32, a P/E/G ratio of 0.26 and a beta of 0.57. The company has a debt-to-equity ratio of 48.08, a current ratio of 1.96 and a quick ratio of 1.31. The business’s fifty day moving average is C$78.34 and its 200 day moving average is C$73.72. CCL Industries has a 52 week low of C$52.82 and a 52 week high of C$84.46.

Insider Activity

In other CCL Industries news, insider CCL Industries Inc. purchased 67,024 shares of the stock in a transaction on Friday, August 30th. The stock was acquired at an average cost of C$76.93 per share, with a total value of C$5,155,915.03. In other news, Senior Officer Mark Mcclendon sold 400 shares of the company’s stock in a transaction 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. Also, insider CCL Industries Inc. bought 67,024 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were bought at an average price of C$76.93 per share, for a total transaction of C$5,155,915.03. Insiders have sold a total of 121,781 shares of company stock worth $9,405,624 over the last ninety days. Company insiders own 11.22% of the company’s stock.

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.