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

Shares of CCL Industries Inc. (TSE:CCL.B - Get Free Report) have received a consensus rating of "Buy" from the six research firms that are covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a buy rating. The average 12 month price objective among brokers that have covered the stock in the last year is C$90.38.

A number of brokerages have issued reports on CCL.B. Stifel Nicolaus raised their target price on CCL Industries from C$85.00 to C$90.00 in a report on Monday, November 18th. CIBC lowered their target price on shares of CCL Industries from C$97.00 to C$96.00 and set an "outperform" rating for the company in a research note on Tuesday, February 25th. Scotiabank lifted their price target on shares of CCL Industries from C$85.00 to C$86.00 in a research report on Friday, February 21st. BMO Capital Markets raised their price target on CCL Industries from C$90.00 to C$93.00 in a research report on Friday, November 15th. Finally, TD Securities cut their price objective on CCL Industries from C$98.00 to C$94.00 in a report on Friday, November 15th.

Insider Transactions at CCL Industries

In other CCL Industries news, insider CCL Industries Inc. purchased 67,024 shares of the business's stock in a transaction on Friday, February 28th. The shares were purchased at an average cost of C$73.98 per share, with a total value of C$4,958,609.78. Also, Director Mark Cooper sold 5,556 shares of CCL Industries stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of C$71.94, for a total value of C$399,707.53. 11.22% of the stock is owned by insiders.

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CCL Industries Trading Down 1.5 %

Shares of CCL.B traded down C$1.07 on Monday, reaching C$70.28. 341,421 shares of the company's stock were exchanged, compared to its average volume of 310,524. CCL Industries has a 12 month low of C$66.96 and a 12 month high of C$84.70. The stock has a market capitalization of C$11.74 billion, a P/E ratio of 18.69, a price-to-earnings-growth ratio of 0.26 and a beta of 0.57. The company has a current ratio of 1.96, a quick ratio of 1.31 and a debt-to-equity ratio of 48.08. The business has a 50 day moving average price of C$72.25 and a two-hundred day moving average price of C$76.49.

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.