Pi Financial raises CCL Industries (TSE:CCL.B) price target to C$82.00

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CCL Industries (IS: CCL.BGet a rating) had its target price raised by Pi Financial from CA$79.00 to CA$82.00 in a research report released on Thursday, BayStreet.CA reports.

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

(Get a rating)

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.

Further reading

Analyst recommendations for CCL Industries (TSE: CCL.B)



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