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

Shares of CCL Industries Inc. (TSE:CCL.B) have earned an average recommendation of “Buy” from the nine brokerages that are presently covering the firm, MarketBeat reports. Nine research analysts have rated the stock with a buy rating. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$86.11.

A number of brokerages have issued reports on CCL.B. TD Securities raised their target price on CCL Industries from C$92.00 to C$98.00 and gave the stock a “buy” rating in a research note on Thursday. Scotiabank boosted their target price on shares of CCL Industries from C$80.00 to C$84.00 and gave the company an “outperform” rating in a report on Monday, August 12th. CIBC raised their price target on shares of CCL Industries from C$86.00 to C$88.00 and gave the stock an “outperform” rating in a report on Wednesday, August 14th. BMO Capital Markets lifted their price target on shares of CCL Industries from C$84.00 to C$90.00 in a research report on Thursday, September 12th. Finally, Raymond James raised their target price on CCL Industries from C$84.00 to C$87.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th.

CCL Industries Stock Performance

Shares of CCL Industries stock opened at C$84.01 on Friday. The business’s 50 day moving average price is C$78.57 and its 200 day moving average price is C$73.81. The company has a market cap of C$14.03 billion, a price-to-earnings ratio of 22.34, a PEG ratio of 0.26 and a beta of 0.57. The company has a debt-to-equity ratio of 48.08, a quick ratio of 1.31 and a current ratio of 1.96. CCL Industries has a one year low of C$52.82 and a one year high of C$84.46.

Insider Transactions at CCL Industries

In other CCL Industries news, Director Derek Cumming sold 10,000 shares of the business’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of C$81.41, for a total transaction of C$814,100.00. In other news, Director Derek Cumming sold 10,000 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of C$81.41, for a total transaction of C$814,100.00. Also, Senior Officer Mark Mcclendon sold 400 shares of CCL Industries 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. Insiders sold a total of 121,781 shares of company stock worth $9,405,624 over the last ninety days. Company insiders own 11.22% 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.