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

CCL Industries Inc. (TSE:CCL.B - Get Free Report) has received a consensus rating of "Buy" from the eight ratings firms that are covering the stock, Marketbeat reports. Eight equities research analysts have rated the stock with a buy recommendation. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$90.13.

CCL.B has been the subject of a number of research analyst reports. TD Securities decreased their target price on CCL Industries from C$98.00 to C$94.00 in a research report on Friday, November 15th. BMO Capital Markets increased their price target on CCL Industries from C$90.00 to C$93.00 in a research report on Friday, November 15th. Stifel Nicolaus lifted their price objective on shares of CCL Industries from C$85.00 to C$90.00 in a report on Monday, November 18th. Royal Bank of Canada lowered their target price on shares of CCL Industries from C$92.00 to C$90.00 in a report on Friday, November 15th. Finally, CIBC boosted their price target on shares of CCL Industries from C$93.00 to C$96.00 in a report on Monday, November 18th.

CCL Industries Stock Up 0.2 %

CCL.B traded up C$0.15 during midday trading on Wednesday, hitting C$74.58. The company had a trading volume of 46,930 shares, compared to its average volume of 281,252. The stock's 50 day moving average price is C$78.82 and its 200 day moving average price is C$76.35. CCL Industries has a 52 week low of C$55.34 and a 52 week high of C$84.70. The company has a market capitalization of C$12.46 billion, a price-to-earnings ratio of 19.84, a PEG ratio of 0.26 and a beta of 0.57. The company has a quick ratio of 1.31, a current ratio of 1.96 and a debt-to-equity ratio of 48.08.

Insiders Place Their Bets

In other news, Senior Officer James Andrew Sellors sold 10,000 shares of CCL Industries stock in a transaction dated Monday, November 25th. The shares were sold at an average price of C$77.50, for a total value of C$775,000.00. Also, Director Derek Cumming sold 3,500 shares of the business's 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. Over the last 90 days, insiders have sold 13,700 shares of company stock valued at $1,065,296. Company insiders own 11.22% of the company's stock.

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.