CCL Industries (CCL.B) PT Raised to C$60.00

CCL Industries (TSE:CCL.B) had its target price upped by TD Securities from C$58.00 to C$60.00 in a research report report published on Thursday morning, BayStreet.CA reports. They currently have a hold rating on the stock.

Other equities analysts have also recently issued reports about the company. Royal Bank of Canada boosted their target price on CCL Industries from C$65.00 to C$66.00 and gave the company an outperform rating in a research note on Thursday. CIBC boosted their target price on CCL Industries from C$61.00 to C$64.00 in a research note on Thursday.

Shares of CCL.B traded up C$0.85 during mid-day trading on Thursday, hitting C$60.08. 138,553 shares of the company’s stock traded hands, compared to its average volume of 364,025. The company has a debt-to-equity ratio of 103.90, a quick ratio of 1.15 and a current ratio of 1.62. CCL Industries has a 1 year low of C$53.00 and a 1 year high of C$71.32. The stock has a market capitalization of $9.80 billion and a PE ratio of 20.57.

In related news, Director Geoffrey Martin sold 120,978 shares of the company’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of C$53.98, for a total value of C$6,530,924.74. Following the sale, the director now directly owns 636,422 shares of the company’s stock, valued at C$34,356,859.82. Also, Senior Officer Sean Washchuk sold 18,300 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of C$54.00, for a total value of C$988,200.00. Following the completion of the sale, the insider now directly owns 55,557 shares in the company, valued at C$3,000,078. Insiders have sold 156,367 shares of company stock worth $8,441,833 over the last three months.

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.

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