Several other analysts have also recently weighed in on CCL.B. Scotiabank lowered its price target on CCL Industries from C$79.00 to C$78.00 in a Friday, May 13 report. Royal Bank of Canada cut its target price on CCL Industries from C$80.00 to C$74.00 and set an outperformance rating for the stock in a Friday, May 13 research note. National Bankshares set a target price of C$79.00 on CCL Industries and gave the company an outperform rating in a Wednesday, June 1 research note. CIBC reduced its target price on CCL Industries from CA$78.00 to CA$71.00 in a Thursday, April 21 research note. Finally, BMO Capital Markets reduced its price target on CCL Industries from CA$80.00 to CA$79.00 in a Friday, May 13 research note. Six equity research analysts rated the stock with a buy rating. Based on data from MarketBeat, the stock currently has an average buy rating and a consensus price target of C$76.44.
Performance of CCL Industries shares
CCL.B share opened at C$63.40 on Thursday. The company has a debt ratio of 55.41, a current ratio of 1.83 and a quick ratio of 1.27. The company has a 50-day moving average price of CA$61.26 and a 200-day moving average price of CA$60.11. The company has a market capitalization of C$11.22 billion and a P/E ratio of 19.04. CCL Industries has a 1-year low of C$53.36 and a 1-year high of C$75.19.
Insider Trading at CCL Industries
In other CCL Industries news, insider CCL Industries Inc. purchased 72,469 shares of the company in a trade dated Monday, May 16. The shares were acquired at an average price of CA$59.91 per share, for a total transaction of CA$4,341,262.69. Following the completion of the purchase, the insider now owns 72,469 shares of the company, valued at C$4,341,262.69. In other news, insider CCL Industries Inc. bought 72,469 shares of the company in a trade that took place on Monday, May 16. The shares were purchased at an average price of CA$59.91 per share, for a total transaction of CA$4,341,262.69. Following the completion of the transaction, the insider now directly owns 72,469 shares of the company, valued at C$4,341,262.69. Additionally, director Gunther Johann Birkner sold 10,000 shares of the company in a transaction that took place on Wednesday, May 18. The shares were sold at an average price of CA$62.03, for a total value of CA$620,265.00. Following the completion of the sale, the administrator now owns 87,615 shares of the company, valued at approximately C$5,434,451.80. Over the past 90 days, insiders have purchased 658,004 shares of the company worth $39,456,326.
About CCL Industries
CCL Industries Inc manufactures and sells labels, containers, consumer printable media products, technology-driven label solutions, polymer banknote 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, educational, functional and safety applications in the consumer packaging, healthcare, chemical, consumer electronics and consumer electronics markets. of the automobile.
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