Brokerages Set CCL Industries Inc. (TSE:CCL.B) PT at C$90.25

CCL Industries Inc. (TSE:CCL.B - Get Free Report) has been given an average recommendation of "Buy" by the eight ratings firms that are covering the stock, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a buy rating. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$90.25.

A number of equities research analysts recently weighed in on the company. CIBC upped their price objective on CCL Industries from C$96.00 to C$97.00 in a research note on Wednesday, January 15th. Royal Bank of Canada decreased their price target on shares of CCL Industries from C$92.00 to C$90.00 in a research report on Friday, November 15th. TD Securities cut their price objective on shares of CCL Industries from C$98.00 to C$94.00 in a research report on Friday, November 15th. BMO Capital Markets raised their target price on shares of CCL Industries from C$90.00 to C$93.00 in a research note on Friday, November 15th. Finally, Stifel Nicolaus upped their price target on CCL Industries from C$85.00 to C$90.00 in a research report on Monday, November 18th.

CCL Industries Stock Down 1.2 %

CCL Industries stock traded down C$0.82 during mid-day trading on Thursday, reaching C$69.91. 226,162 shares of the company were exchanged, compared to its average volume of 266,050. 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 has a market cap of C$11.68 billion, a P/E ratio of 18.59, a PEG ratio of 0.26 and a beta of 0.57. The business has a fifty day moving average of C$72.86 and a 200 day moving average of C$76.61. CCL Industries has a 12-month low of C$57.58 and a 12-month high of C$84.70.

Insider Buying and Selling

In other news, Director Derek Cumming sold 3,500 shares of the company's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of C$78.25, for a total value of C$273,889.70. Also, insider CCL Industries Inc. purchased 67,024 shares of CCL Industries stock in a transaction that occurred on Tuesday, December 3rd. The shares were bought at an average price of C$78.37 per share, with a total value of C$5,252,845.14. Insiders bought 201,072 shares of company stock valued at $15,572,229 over the last quarter. 11.22% of the stock is currently owned by company insiders.

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.