CCL Industries (TSE:CCL.B) Price Target Raised to C$81.00 at BMO Capital Markets (2024)

CCL Industries (TSE:CCL.B – Free Report) had its price objective lifted by BMO Capital Markets from C$76.00 to C$81.00 in a research note issued to investors on Friday, BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other equities research analysts have also weighed in on CCL.B. Royal Bank of Canada boosted their price objective on shares of CCL Industries from C$72.00 to C$81.00 and gave the stock an outperform rating in a report on Friday. Scotiabank boosted their price objective on shares of CCL Industries from C$72.00 to C$79.00 and gave the stock an outperform rating in a report on Friday. Raymond James boosted their price objective on shares of CCL Industries from C$70.00 to C$74.00 and gave the stock a market perform rating in a report on Friday. National Bankshares upped their price target on shares of CCL Industries from C$79.00 to C$81.00 and gave the company an outperform rating in a report on Friday. Finally, Stifel Nicolaus set a C$65.00 price target on shares of CCL Industries and gave the company a hold rating in a report on Tuesday, November 21st. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of C$77.00.

Get Our Latest Stock Analysis on CCL Industries

CCL Industries Trading Up 1.4 %

Shares of CCL Industries stock opened at C$68.94 on Friday. CCL Industries has a 1 year low of C$52.82 and a 1 year high of C$71.58. The firm has a market cap of C$11.44 billion, a PE ratio of 23.37, a PEG ratio of 0.26 and a beta of 0.53. The company has a debt-to-equity ratio of 49.37, a current ratio of 1.89 and a quick ratio of 1.31. The company has a 50 day simple moving average of C$58.42 and a two-hundred day simple moving average of C$57.99.

Insider Buying and Selling at CCL Industries

In other CCL Industries news, Director Gunther Johann Birkner sold 60,900 shares of the business’s stock in a transaction on Friday, December 22nd. The shares were sold at an average price of C$59.55, for a total transaction of C$3,626,595.00. In other CCL Industries news, insider CCL Industries Inc. bought 3,900 shares of CCL Industries stock in a transaction dated Thursday, December 28th. The shares were purchased at an average cost of C$58.98 per share, with a total value of C$230,036.82. Also, Director Gunther Johann Birkner sold 60,900 shares of the company’s stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of C$59.55, for a total transaction of C$3,626,595.00. Insiders own 10.05% of the company’s stock.

About CCL Industries

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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.

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