CCL Industries Inc. (TSE:CCL.B) Receives C$86.11 Consensus Target Price from Analysts

CCL Industries Inc. (TSE:CCL.B) has received an average recommendation of “Buy” from the nine ratings firms that are presently covering the stock, Marketbeat reports. Nine investment analysts have rated the stock with a buy rating. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$86.11.

A number of equities research analysts have recently weighed in on the stock. National Bankshares lifted their price target on shares of 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. Scotiabank increased their target price on CCL Industries from C$80.00 to C$84.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. BMO Capital Markets boosted their price target on CCL Industries from C$84.00 to C$90.00 in a research note on Thursday, September 12th. TD Securities increased their price objective on shares of CCL Industries from C$92.00 to C$98.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Finally, CIBC boosted their target price on shares of CCL Industries from C$86.00 to C$88.00 and gave the company an “outperform” rating in a research report on Wednesday, August 14th.

Insider Activity

In other CCL Industries news, Senior Officer Sean Washchuk sold 657 shares of the business’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of C$82.02, for a total value of C$53,887.14. In other news, insider CCL Industries Inc. bought 67,024 shares of the stock in a transaction on Friday, August 30th. The shares were purchased at an average cost of C$76.93 per share, for a total transaction of C$5,155,915.03. Also, Senior Officer Sean Washchuk sold 657 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of C$82.02, for a total value of C$53,887.14. Insiders sold a total of 117,381 shares of company stock valued at $9,081,236 over the last three months. Corporate insiders own 11.22% of the company’s stock.

CCL Industries Price Performance

TSE:CCL.B opened at C$80.88 on Tuesday. CCL Industries has a 52 week low of C$54.01 and a 52 week 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 firm’s 50-day simple moving average is C$80.88 and its 200 day simple moving average is C$75.18. The firm has a market cap of C$13.51 billion, a price-to-earnings ratio of 21.51, a P/E/G ratio of 0.26 and a beta of 0.57.

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.