CCL Industries (TSE:CCL.B) Given New C$91.00 Price Target at BMO Capital Markets

CCL Industries (TSE:CCL.B) had its target price boosted by investment analysts at BMO Capital Markets from C$90.00 to C$91.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. BMO Capital Markets’ target price suggests a potential upside of 16.59% from the stock’s previous close.

Other research analysts also recently issued research reports about the stock. Scotiabank upped their price target on shares of CCL Industries from C$85.00 to C$86.00 in a research report on Friday, February 21st. CIBC reduced their target price on shares of CCL Industries from C$96.00 to C$88.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 22nd. Finally, TD Securities decreased their price target on shares of CCL Industries from C$94.00 to C$90.00 and set a “buy” rating on the stock in a research note on Thursday, April 17th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, CCL Industries currently has a consensus rating of “Buy” and an average target price of C$89.25.

CCL Industries Price Performance

CCL Industries stock opened at C$78.05 on Friday. The business’s fifty day moving average is C$70.41 and its two-hundred day moving average is C$73.60. The company has a debt-to-equity ratio of 48.08, a quick ratio of 1.31 and a current ratio of 1.96. The firm has a market cap of C$13.04 billion, a P/E ratio of 20.76, a P/E/G ratio of 0.26 and a beta of 0.57. CCL Industries has a 52 week low of C$64.93 and a 52 week high of C$84.70.

Insider Activity at CCL Industries

In related news, Director Scott Mitchell-Harris sold 2,141 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of C$73.98, for a total transaction of C$158,391.18. Also, Director Mark Cooper sold 5,556 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of C$71.94, for a total transaction of C$399,707.53. Over the last ninety days, insiders have acquired 169,402 shares of company stock worth $12,293,509 and have sold 23,427 shares worth $1,764,884. 11.22% of the stock is currently owned by company insiders.

About CCL Industries

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.