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

Shares of CCL Industries Inc. (TSE:CCL.B) have earned an average recommendation of “Buy” from the eight ratings firms that are covering the stock, MarketBeat Ratings reports. Eight research analysts have rated the stock with a buy recommendation. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$90.13.

A number of equities analysts have commented on the stock. BMO Capital Markets boosted their price target on shares of CCL Industries from C$90.00 to C$93.00 in a research note on Friday, November 15th. TD Securities reduced their target price on CCL Industries from C$98.00 to C$94.00 in a research note on Friday, November 15th. Royal Bank of Canada dropped their price target on CCL Industries from C$92.00 to C$90.00 in a research note on Friday, November 15th. Stifel Nicolaus increased their price objective on CCL Industries from C$85.00 to C$90.00 in a research report on Monday, November 18th. Finally, CIBC boosted their target price on CCL Industries from C$93.00 to C$96.00 in a research report on Monday, November 18th.

Insider Activity

In other news, Senior Officer James Andrew Sellors sold 10,000 shares of CCL Industries stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of C$77.50, for a total value of C$775,000.00. Also, insider CCL Industries Inc. bought 67,024 shares of CCL Industries stock in a transaction dated Friday, November 29th. The shares were acquired at an average cost of C$77.55 per share, for a total transaction of C$5,197,557.04. Insiders own 11.22% of the company’s stock.

CCL Industries Stock Down 0.5 %

Shares of TSE CCL.B opened at C$74.21 on Wednesday. CCL Industries has a 12 month low of C$55.34 and a 12 month high of C$84.70. The company has a current ratio of 1.96, a quick ratio of 1.31 and a debt-to-equity ratio of 48.08. The firm has a market capitalization of C$12.40 billion, a price-to-earnings ratio of 19.74, a PEG ratio of 0.26 and a beta of 0.57. The business has a 50-day moving average of C$78.37 and a 200-day moving average of C$76.50.

About CCL Industries

CCL Industries Inc manufactures and sells packaging and packaging-related products. The company operates through various segments, which include The CCL segment, which generates the majority of revenue, sells pressure sensitive and extruded film materials used for labels on consumer packaging, healthcare, automotive, and consumer durable products.