CCL Industries Inc. (TSE:CCL.B) Given Consensus Recommendation of “Buy” by Brokerages

CCL Industries Inc. (TSE:CCL.B) has been given a consensus rating of “Buy” by the nine research firms that are presently covering the stock, MarketBeat.com reports. Nine research analysts have rated the stock with a buy recommendation. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$85.44.

CCL.B has been the subject of a number of analyst reports. CIBC boosted their price target on CCL Industries from C$86.00 to C$88.00 and gave the company an “outperform” rating in a report on Wednesday, August 14th. Raymond James boosted their price objective on CCL Industries from C$84.00 to C$87.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. TD Securities boosted their price objective on CCL Industries from C$90.00 to C$92.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Scotiabank boosted their price objective on CCL Industries from C$80.00 to C$84.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. Finally, National Bankshares boosted their price objective on CCL Industries from C$84.00 to C$87.00 and gave the company an “outperform” rating in a research report on Monday, August 12th.

Insider Buying and Selling

In related news, insider CCL Industries Inc. bought 230,500 shares of the company’s stock in a transaction on Thursday, June 27th. The stock was bought at an average cost of C$72.48 per share, for a total transaction of C$16,705,718.00. In related news, insider CCL Industries Inc. bought 230,500 shares of the company’s stock in a transaction on Thursday, June 27th. The stock was bought at an average cost of C$72.48 per share, for a total transaction of C$16,705,718.00. Also, Senior Officer Mark Mcclendon sold 400 shares of the company’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of C$73.47, for a total value of C$29,388.00. Over the last ninety days, insiders sold 110,924 shares of company stock worth $8,521,231. 11.16% of the stock is owned by corporate insiders.

CCL Industries Trading Down 0.5 %

Shares of TSE:CCL.B opened at C$81.62 on Monday. CCL Industries has a 12-month low of C$52.82 and a 12-month high of C$82.96. The company has a market capitalization of C$13.64 billion, a PE ratio of 21.71, a PEG ratio of 0.26 and a beta of 0.56. The business has a 50 day moving average of C$76.18 and a two-hundred day moving average of C$72.79. The company has a current ratio of 1.96, a quick ratio of 1.31 and a debt-to-equity ratio of 48.08.

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.