CCL Industries (TSE:CCL.B) Given New C$67.00 Price Target at CIBC

CCL Industries (TSE:CCL.B) had its price objective trimmed by CIBC from C$68.00 to C$67.00 in a report issued on Wednesday, BayStreet.CA reports.

Other equities research analysts also recently issued research reports about the stock. BMO Capital Markets upped their price target on shares of CCL Industries from C$68.00 to C$70.00 in a research report on Friday, August 9th. Royal Bank of Canada reduced their price target on shares of CCL Industries from C$71.00 to C$69.00 and set an outperform rating for the company in a research report on Wednesday.

Shares of TSE:CCL.B traded down C$0.82 during mid-day trading on Wednesday, hitting C$55.31. The stock had a trading volume of 358,642 shares, compared to its average volume of 364,025. The company has a debt-to-equity ratio of 94.55, a quick ratio of 1.29 and a current ratio of 1.79. The company has a market cap of $9.18 billion and a PE ratio of 20.96. CCL Industries has a 12-month low of C$47.32 and a 12-month high of C$68.49. The company’s 50 day moving average is C$54.11 and its 200-day moving average is C$59.58.

In other news, Director Gunther Johann Birkner purchased 18,200 shares of CCL Industries stock in a transaction that occurred on Thursday, September 26th. The stock was acquired at an average price of C$55.00 per share, for a total transaction of C$1,001,000.00. Following the transaction, the director now owns 291,200 shares in the company, valued at C$16,016,000.

About CCL Industries

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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