Analysts Set CCL Industries Inc. (TSE:CCL.B) Price Target at C$90.25

Shares of CCL Industries Inc. (TSE:CCL.B - Get Free Report) have earned a consensus rating of "Buy" from the eight brokerages that are currently covering the company, MarketBeat reports. Eight investment analysts have rated the stock with a buy rating. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$90.25.

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

CCL Industries Price Performance

Shares of CCL.B traded down C$0.65 during midday trading on Friday, reaching C$71.44. The stock had a trading volume of 232,923 shares, compared to its average volume of 229,316. The company has a debt-to-equity ratio of 48.08, a current ratio of 1.96 and a quick ratio of 1.31. The company has a market capitalization of C$11.93 billion, a P/E ratio of 19.00, a P/E/G ratio of 0.26 and a beta of 0.57. The firm's 50 day moving average price is C$75.35 and its 200-day moving average price is C$76.62. CCL Industries has a 52 week low of C$55.34 and a 52 week high of C$84.70.

Insider Buying and Selling

In related news, insider CCL Industries Inc. acquired 67,024 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were purchased at an average cost of C$78.37 per share, with a total value of C$5,252,845.14. Also, Senior Officer James Andrew Sellors sold 10,000 shares of the company'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. In the last 90 days, insiders bought 201,072 shares of company stock valued at $15,572,229. 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.