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

CCL Industries Inc. (TSE:CCL.B) has been given an average rating of “Buy” by the eight research firms that are currently covering the company, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a buy rating. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$90.13.

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

CCL Industries Stock Down 0.5 %

TSE:CCL.B opened at C$74.21 on Wednesday. The company has a debt-to-equity ratio of 48.08, a current ratio of 1.96 and a quick ratio of 1.31. The firm’s 50-day moving average price is C$78.37 and its 200-day moving average price is C$76.50. The company has a market capitalization of C$12.40 billion, a PE ratio of 19.74, a P/E/G 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.

Insiders Place Their Bets

In related news, Director Derek Cumming sold 3,500 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of C$78.25, for a total transaction of C$273,889.70. Also, insider CCL Industries Inc. bought 67,024 shares of the business’s stock in a transaction on Friday, November 29th. The stock was bought at an average cost of C$77.55 per share, with a total value of C$5,197,557.04. Corporate insiders own 11.22% of the company’s stock.

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.