CCL Industries (TSE:CCL.B) Price Target Increased to C$73.00 by Analysts at Royal Bank of Canada

CCL Industries (TSE:CCL.B) had its price objective hoisted by Royal Bank of Canada from C$66.00 to C$73.00 in a research report sent to investors on Tuesday morning, BayStreet.CA reports.

CCL.B has been the subject of several other reports. TD Securities reduced their target price on Power Financial from C$35.00 to C$34.00 in a report on Thursday, May 16th. CIBC reissued a hold rating and issued a $3.00 target price on shares of Information Services Group in a report on Thursday, May 16th. Finally, BMO Capital Markets boosted their target price on SilverCrest Metals from C$6.50 to C$7.00 in a report on Thursday, May 16th.

CCL Industries stock opened at C$66.79 on Tuesday. CCL Industries has a fifty-two week low of C$47.32 and a fifty-two week high of C$67.63. The company has a debt-to-equity ratio of 99.11, a current ratio of 1.82 and a quick ratio of 1.32. The stock has a market cap of $11.02 billion and a P/E ratio of 25.31. The firm has a 50-day moving average price of C$64.30.

In other news, Senior Officer James Andrew Sellors sold 25,000 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of C$59.50, for a total value of C$1,487,500.00. Following the completion of the sale, the insider now directly owns 40,950 shares of the company’s stock, valued at approximately C$2,436,525. Insiders sold a total of 25,200 shares of company stock valued at $1,499,709 over the last three months.

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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