TD Securities Lowers CCL Industries (TSE:CCL.B) Price Target to C$90.00

CCL Industries (TSE:CCL.B) had its price objective dropped by equities researchers at TD Securities from C$94.00 to C$90.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ target price would suggest a potential upside of 31.16% from the stock’s previous close.

CCL.B has been the topic of a number of other research reports. Scotiabank increased their price objective on shares of CCL Industries from C$85.00 to C$86.00 in a report on Friday, February 21st. CIBC lowered their price target on CCL Industries from C$97.00 to C$96.00 and set an “outperform” rating for the company in a report on Tuesday, February 25th. Six 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 an average target price of C$89.88.

CCL Industries Price Performance

Shares of CCL.B stock opened at C$68.62 on Thursday. The stock’s fifty day simple moving average is C$70.66 and its 200 day simple moving average is C$74.71. The company has a debt-to-equity ratio of 48.08, a current ratio of 1.96 and a quick ratio of 1.31. CCL Industries has a one year low of C$64.93 and a one year high of C$84.70. The firm has a market cap of C$11.46 billion, a price-to-earnings ratio of 18.25, a P/E/G ratio of 0.26 and a beta of 0.57.

Insider Activity at CCL Industries

In related news, Director Tom Peddie sold 400 shares of the firm’s stock in a transaction dated Friday, March 28th. The shares were sold at an average price of C$69.85, for a total value of C$27,940.00. Following the completion of the sale, the director now directly owns 100 shares in the company, valued at approximately C$6,985. This trade represents a 80.00 % decrease in their position. Also, insider CCL Industries Inc. purchased 67,024 shares of CCL Industries stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average price of C$73.98 per share, with a total value of C$4,958,609.78. Over the last ninety days, insiders sold 8,427 shares of company stock valued at $609,884. Insiders own 11.22% of the company’s stock.

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.