Brokerages Set CCL Industries Inc. (TSE:CCL.B) Target Price at C$88.44

Shares of CCL Industries Inc. (TSE:CCL.B) have been given an average recommendation of “Buy” by the nine analysts that are covering the company, Marketbeat Ratings reports. Nine analysts have rated the stock with a buy recommendation. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$88.44.

A number of research analysts recently commented on CCL.B shares. CIBC boosted their price target on CCL Industries from C$93.00 to C$96.00 in a report on Monday, November 18th. BMO Capital Markets upped their target price on shares of CCL Industries from C$90.00 to C$93.00 in a research report on Friday, November 15th. Royal Bank of Canada cut their target price on shares of CCL Industries from C$92.00 to C$90.00 in a research note on Friday, November 15th. National Bankshares boosted their price target on shares of 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. Finally, Scotiabank raised 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.

Insider Buying and Selling at CCL Industries

In other CCL Industries news, insider CCL Industries Inc. bought 67,024 shares of the company’s stock in a transaction on Friday, November 29th. The stock was acquired at an average price of C$77.55 per share, for a total transaction of C$5,197,557.04. Also, Senior Officer Sean Washchuk sold 657 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of C$82.02, for a total value of C$53,887.14. Insiders have sold a total of 26,633 shares of company stock worth $2,126,006 over the last ninety days. Company insiders own 11.22% of the company’s stock.

CCL Industries Price Performance

Shares of CCL Industries stock opened at C$77.00 on Friday. The company has a market capitalization of C$12.86 billion, a price-to-earnings ratio of 20.48, a PEG ratio of 0.26 and a beta of 0.57. The company has a quick ratio of 1.31, a current ratio of 1.96 and a debt-to-equity ratio of 48.08. The stock’s 50-day simple moving average is C$80.36 and its 200-day simple moving average is C$76.13. CCL Industries has a 52 week low of C$55.34 and a 52 week high of C$84.70.

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.