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

CCL Industries Inc. (TSE:CCL.B) has received a consensus rating of “Buy” from the eight research firms that are presently covering the company, MarketBeat reports. Eight research analysts have rated the stock with a buy rating. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$90.25.

A number of equities analysts recently commented on the stock. TD Securities decreased their price objective on shares of CCL Industries from C$98.00 to C$94.00 in a research note on Friday, November 15th. CIBC raised their price objective on shares of CCL Industries from C$96.00 to C$97.00 in a research note on Wednesday. Stifel Nicolaus raised their price objective on shares of CCL Industries from C$85.00 to C$90.00 in a research note on Monday, November 18th. BMO Capital Markets raised their price objective on shares of CCL Industries from C$90.00 to C$93.00 in a research note on Friday, November 15th. Finally, Royal Bank of Canada decreased their price objective on shares of CCL Industries from C$92.00 to C$90.00 in a research note on Friday, November 15th.

CCL Industries Trading Down 0.9 %

Shares of TSE:CCL.B opened at C$71.44 on Friday. The stock has a market capitalization of C$11.93 billion, a price-to-earnings ratio of 19.00, a PEG ratio of 0.26 and a beta of 0.57. CCL Industries has a 1-year low of C$55.34 and a 1-year high of C$84.70. The company has a debt-to-equity ratio of 48.08, a quick ratio of 1.31 and a current ratio of 1.96. The company has a 50 day moving average price of C$75.35 and a 200 day moving average price of C$76.62.

Insiders Place Their Bets

In related news, Director Derek Cumming sold 3,500 shares of CCL Industries stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of C$78.25, for a total value of C$273,889.70. Also, insider CCL Industries Inc. bought 67,024 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was purchased at an average price of C$78.37 per share, for a total transaction of C$5,252,845.14. Insiders purchased a total of 201,072 shares of company stock worth $15,572,229 in the last quarter. 11.22% of the stock is currently owned by corporate insiders.

CCL Industries Company Profile

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.