CCL Industries Inc. (TSE:CCL.B) Receives Average Rating of “Buy” from Analysts

Shares of CCL Industries Inc. (TSE:CCL.B) have received an average recommendation of “Buy” from the nine ratings firms that are presently covering the stock, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$78.90.

CCL.B has been the topic of several research analyst reports. CIBC boosted their price objective on CCL Industries from C$82.00 to C$83.00 in a research report on Thursday, April 11th. BMO Capital Markets boosted their price objective on CCL Industries from C$76.00 to C$81.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. National Bankshares boosted their price objective on CCL Industries from C$79.00 to C$81.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Royal Bank of Canada boosted their price objective on CCL Industries from C$72.00 to C$81.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Finally, Raymond James raised CCL Industries from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from C$74.00 to C$78.00 in a research report on Thursday, March 7th.

CCL Industries Stock Up 1.0 %

CCL.B stock opened at C$70.82 on Friday. CCL Industries has a twelve month low of C$52.82 and a twelve month high of C$74.49. The company has a quick ratio of 1.31, a current ratio of 1.89 and a debt-to-equity ratio of 49.37. The stock’s 50 day moving average is C$67.92 and its 200-day moving average is C$60.94. The firm has a market capitalization of C$11.75 billion, a PE ratio of 24.01, a P/E/G ratio of 0.26 and a beta of 0.55.

Insider Activity

In other news, Director Derek Cumming sold 700 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of C$69.51, for a total transaction of C$48,653.50. In related news, Director Derek Cumming sold 700 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of C$69.51, for a total transaction of C$48,653.50. Also, Senior Officer Kamal Chandrakant Kotecha sold 5,206 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of C$70.28, for a total value of C$365,867.79. Insiders have sold 293,799 shares of company stock valued at $21,357,228 in the last 90 days. Insiders own 10.03% of the company’s stock.

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.