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

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CCL Industries (TSE:CCL.B) had its price objective boosted by research analysts at TD Securities from C$58.00 to C$60.00 in a report issued on Thursday, BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD Securities’ price objective would indicate a potential downside of 0.05% from the company’s current price.

Several other research analysts have also recently issued reports on the company. CIBC decreased their price target on CCL Industries from C$63.00 to C$62.00 in a research note on Monday, January 21st. Royal Bank of Canada increased their price target on CCL Industries from C$62.00 to C$65.00 and gave the stock an “outperform” rating in a research note on Monday, February 25th.

TSE:CCL.B opened at C$60.03 on Thursday. CCL Industries has a 1 year low of C$53.00 and a 1 year high of C$71.32. The firm has a market capitalization of $9.87 billion and a PE ratio of 20.55. The company has a quick ratio of 1.15, a current ratio of 1.62 and a debt-to-equity ratio of 103.90.

In other 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 completion of the sale, the director now owns 636,422 shares in the company, 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 shares were 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 owns 55,557 shares of the company’s stock, valued at approximately C$3,000,078. In the last three months, insiders sold 156,367 shares of company stock valued at $8,441,833.

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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