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

CCL Industries Inc. (TSE:CCL.B) has been assigned a consensus rating of “Buy” from the eight research firms that are covering the stock, MarketBeat.com reports. Eight research analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$90.25.

Several analysts have recently weighed in on CCL.B shares. Stifel Nicolaus lifted their target price on shares of CCL Industries from C$85.00 to C$90.00 in a research report on Monday, November 18th. TD Securities reduced their price target on shares of CCL Industries from C$98.00 to C$94.00 in a research report on Friday, November 15th. CIBC boosted their price target on shares of CCL Industries from C$96.00 to C$97.00 in a research report on Wednesday. Royal Bank of Canada reduced their price target on shares of CCL Industries from C$92.00 to C$90.00 in a research report on Friday, November 15th. Finally, BMO Capital Markets boosted their price target on shares of CCL Industries from C$90.00 to C$93.00 in a research report on Friday, November 15th.

Insider Transactions at CCL Industries

In related news, Senior Officer James Andrew Sellors sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of C$77.50, for a total transaction of C$775,000.00. Also, insider CCL Industries Inc. purchased 67,024 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were acquired at an average cost of C$76.42 per share, with a total value of C$5,121,826.63. Over the last three months, insiders have purchased 201,072 shares of company stock worth $15,572,229. Corporate insiders own 11.22% of the company’s stock.

CCL Industries Price Performance

Shares of CCL Industries stock opened at C$71.44 on Friday. 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$75.35 and its 200-day simple moving average is C$76.62. CCL Industries has a twelve month low of C$55.34 and a twelve month high of C$84.70. The firm has a market cap of C$11.93 billion, a P/E ratio of 19.00, a price-to-earnings-growth ratio of 0.26 and a beta of 0.57.

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.