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

CCL Industries Inc. (TSE:CCL.B) has received a consensus rating of “Buy” from the eight analysts that are covering the stock, MarketBeat.com reports. Eight equities research analysts have rated the stock with a buy recommendation. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$90.25.

A number of brokerages have recently issued reports on CCL.B. Stifel Nicolaus boosted their price target on shares of CCL Industries from C$85.00 to C$90.00 in a research report on Monday, November 18th. BMO Capital Markets lifted their target price on shares of CCL Industries from C$90.00 to C$93.00 in a research note on Friday, November 15th. TD Securities cut 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 objective on CCL Industries from C$96.00 to C$97.00 in a research note on Wednesday, January 15th. Finally, Royal Bank of Canada cut their target price on CCL Industries from C$92.00 to C$90.00 in a research report on Friday, November 15th.

Insider Buying and Selling

In other CCL Industries news, Director Derek Cumming sold 3,500 shares of the business’s stock in a transaction 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, Senior Officer James Andrew Sellors sold 10,000 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of C$77.50, for a total transaction of C$775,000.00. In the last three months, insiders have bought 201,072 shares of company stock valued at $15,572,229. 11.22% of the stock is owned by company insiders.

CCL Industries Price Performance

CCL Industries stock opened at C$70.29 on Thursday. The stock’s 50 day moving average is C$73.29 and its 200 day moving average is C$76.65. CCL Industries has a one year low of C$56.60 and a one year high of C$84.70. The firm has a market cap of C$11.74 billion, a P/E ratio of 18.69, a P/E/G ratio of 0.26 and a beta of 0.57. The company has a debt-to-equity ratio of 48.08, a current ratio of 1.96 and a quick ratio of 1.31.

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.