Weekly Research Analysts’ Ratings Updates for CCL Industries (CCL.B)

Several analysts have recently updated their ratings and price targets for CCL Industries (TSE: CCL.B):

8/15/2022 – CCL Industries had its price target raised by analysts at CIBC from C$71.00 to C$74.00.
8/12/2022 – CCL Industries had its price target raised by analysts at National Bankshares, Inc. from C$79.00 to C$81.00. They now have an “outperform” rating on the stock.
8/12/2022 – CCL Industries had its price target raised by analysts at TD Securities from C$70.00 to C$73.00. They now have a “buy” rating on the stock.
8/12/2022 – CCL Industries had its price target raised by analysts at BMO Capital Markets from C$79.00 to C$80.00.
8/4/2022 – CCL Industries had its price target raised by analysts at Pi Financial from C$79.00 to C$82.00.

CCL Industries Trading Up 0.4 %

Shares of CCL.B stock opened at C$64.42 on Thursday. The company has a debt-to-equity ratio of 62.75, a current ratio of 1.86 and a quick ratio of 1.26. The stock’s 50 day simple moving average is C$62.95 and its two-hundred day simple moving average is C$60.04. CCL Industries Inc. has a 1 year low of C$53.36 and a 1 year high of C$73.75. The company has a market cap of C$11.40 billion and a PE ratio of 19.06.

Insider Buying and Selling at CCL Industries

In other news, insider CCL Industries Inc. bought 70,789 shares of CCL Industries stock in a transaction that occurred on Friday, June 3rd. The stock was bought at an average price of C$61.33 per share, for a total transaction of C$4,341,581.40. Following the purchase, the insider now directly owns 70,789 shares of the company’s stock, valued at approximately C$4,341,581.40. In the last 90 days, insiders have purchased 514,746 shares of company stock valued at $30,763,480.

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.