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

CCL Industries Inc. (TSE:CCL.B) has been assigned an average rating of “Buy” from the eight brokerages that are presently covering the company, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a buy rating. The average 12-month price objective among brokerages that have covered the stock in the last year is C$82.20.

CCL.B has been the subject of a number of analyst reports. TD Securities increased their target price on shares of CCL Industries from C$84.00 to C$90.00 in a report on Friday, May 10th. CIBC increased their target price on shares of CCL Industries from C$83.00 to C$85.00 in a report on Thursday, July 18th. Raymond James raised their price objective on shares of CCL Industries from C$80.00 to C$84.00 and gave the stock an “outperform” rating in a report on Tuesday, June 11th. Scotiabank raised their price objective on shares of CCL Industries from C$79.00 to C$80.00 in a report on Friday, May 10th. Finally, National Bankshares raised their price objective on shares of CCL Industries from C$83.00 to C$84.00 and gave the stock an “outperform” rating in a report on Tuesday, June 11th.

CCL Industries Stock Down 2.4 %

Shares of TSE:CCL.B opened at C$72.33 on Friday. The stock’s 50-day moving average price is C$72.05 and its 200-day moving average price is C$68.74. CCL Industries has a 12-month low of C$52.82 and a 12-month high of C$75.53. The stock has a market capitalization of C$12.12 billion, a P/E ratio of 23.41, a price-to-earnings-growth ratio of 0.26 and a beta of 0.53. The company has a current ratio of 1.95, a quick ratio of 1.31 and a debt-to-equity ratio of 48.74.

Insider Transactions at CCL Industries

In other news, Director Scott Mitchell-Harris sold 2,375 shares of CCL Industries stock in a transaction on Friday, May 10th. The shares were sold at an average price of C$71.34, for a total transaction of C$169,432.50. In related news, Director Gunther Johann Birkner sold 20,000 shares of CCL Industries stock in a transaction on Thursday, June 6th. The shares were sold at an average price of C$71.69, for a total transaction of C$1,433,800.00. Also, Director Scott Mitchell-Harris sold 2,375 shares of CCL Industries stock in a transaction on Friday, May 10th. The shares were sold at an average price of C$71.34, for a total transaction of C$169,432.50. Insiders have sold 52,375 shares of company stock worth $3,743,694 in the last 90 days. 11.13% of the stock is currently owned by insiders.

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.