CCL Industries (TSE:CCL.B - Get Free Report) had its price objective lifted by stock analysts at BMO Capital Markets from C$76.00 to C$81.00 in a research note issued on Friday, BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. BMO Capital Markets' target price suggests a potential upside of 18.16% from the stock's previous close.
Several other analysts also recently commented on CCL.B. Raymond James increased their price objective on shares of CCL Industries from C$70.00 to C$74.00 and gave the company a "market perform" rating in a research report on Friday. Scotiabank increased their price objective on shares of CCL Industries from C$72.00 to C$79.00 and gave the company an "outperform" rating in a research report on Friday. Pi Financial increased their price objective on shares of CCL Industries from C$74.00 to C$75.00 and gave the company a "buy" rating in a research report on Friday, December 15th. Royal Bank of Canada increased their price objective on shares of CCL Industries from C$72.00 to C$81.00 and gave the company an "outperform" rating in a research report on Friday. Finally, Stifel Nicolaus set a C$65.00 price objective on shares of CCL Industries and gave the company a "hold" rating in a research report on Tuesday, November 21st. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of C$77.00.
Read Our Latest Analysis on CCL.B
CCL Industries Stock Up 0.8 %
Shares of CCL Industries stock traded up C$0.53 during trading on Friday, hitting C$68.55. The company's stock had a trading volume of 187,057 shares, compared to its average volume of 220,857. The company has a debt-to-equity ratio of 54.63, a quick ratio of 1.31 and a current ratio of 1.97. The company has a fifty day simple moving average of C$58.22 and a two-hundred day simple moving average of C$57.94. The company has a market capitalization of C$11.38 billion, a PE ratio of 19.20, a P/E/G ratio of 0.26 and a beta of 0.53. CCL Industries has a 52 week low of C$52.82 and a 52 week high of C$71.58.
Insider Transactions at CCL Industries
In related news, insider CCL Industries Inc. purchased 3,900 shares of CCL Industries stock in a transaction dated Thursday, December 28th. The stock was purchased at an average cost of C$58.98 per share, for a total transaction of C$230,036.82. In related news, Director Gunther Johann Birkner sold 60,900 shares of the business's stock in a transaction that occurred 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. Also, insider CCL Industries Inc. bought 3,900 shares of the business's stock in a transaction that occurred on Thursday, December 28th. The shares were acquired at an average price of C$58.98 per share, with a total value of C$230,036.82. Company insiders own 10.05% of the company's stock.
CCL Industries Company Profile
(Get Free Report)
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.
Featured Stories
- Five stocks we like better than CCL Industries
- Investing in Commodities: What Are They? How to Invest in Them
- How to invest in apparel stocks
- Business Services Stocks Investing
- Stock ideas from the 2024 Microcap Conference
- Stock Market Holidays 2022-2025 - Here’s When the NYSE and NASDAQ Will be Closed
- How to invest in airline stocks
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
→ Critical asset just had biggest fall on record (From Stansberry Research) (Ad)
Should you invest $1,000 in CCL Industries right now?
Before you consider CCL Industries, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CCL Industries wasn't on the list.
While CCL Industries currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Investing Strategies To Help Grow Your Retirement Income
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
