Brokerages Set CCL Industries Inc. (TSE:CCL.B) Price Target at C$86.11

CCL Industries Inc. (TSE:CCL.B - Get Free Report) has received an average recommendation of "Buy" from the nine analysts that are covering the firm, Marketbeat Ratings reports. Nine analysts have rated the stock with a buy recommendation. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$86.11.

Several research firms have recently commented on CCL.B. CIBC upped their target price on CCL Industries from C$86.00 to C$88.00 and gave the company an "outperform" rating in a research report on Wednesday, August 14th. National Bankshares upped their price objective on CCL Industries from C$84.00 to C$87.00 and gave the stock an "outperform" rating in a research report on Monday, August 12th. Scotiabank raised their target price on shares of CCL Industries from C$80.00 to C$84.00 and gave the company an "outperform" rating in a research report on Monday, August 12th. TD Securities boosted their price target on CCL Industries from C$92.00 to C$98.00 and gave the stock a "buy" rating in a report on Thursday, October 17th. Finally, Raymond James boosted their price objective on shares of CCL Industries from C$84.00 to C$87.00 and gave the stock an "outperform" rating in a research note on Monday, August 12th.

CCL Industries Trading Up 1.2 %

CCL.B traded up C$0.94 during mid-day trading on Tuesday, hitting C$82.23. The stock had a trading volume of 180,354 shares, compared to its average volume of 267,280. CCL Industries has a 1-year low of C$52.82 and a 1-year high of C$84.70. The stock's fifty day simple moving average is C$80.58 and its 200-day simple moving average is C$74.92. The firm has a market capitalization of C$13.74 billion, a price-to-earnings ratio of 21.87, a price-to-earnings-growth 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.

Insiders Place Their Bets

In related news, Senior Officer Mark Mcclendon sold 400 shares of CCL Industries stock in a transaction on Monday, August 12th. The shares were sold at an average price of C$73.47, for a total transaction of C$29,388.00. In related news, Director Tom Peddie sold 4,000 shares of CCL Industries stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of C$73.75, for a total transaction of C$295,000.00. Following the completion of the transaction, the director now directly owns 500 shares of the company's stock, valued at approximately C$36,875. The trade was a 0.00 % decrease in their position. Also, Senior Officer Mark Mcclendon sold 400 shares of the business's stock in a transaction on Monday, August 12th. The shares were sold at an average price of C$73.47, for a total transaction of C$29,388.00. Over the last three months, insiders have sold 121,781 shares of company stock valued at $9,405,624. Insiders own 11.22% of the company's stock.

CCL Industries Company Profile

CCL Industries Inc manufactures and sells labels, containers, consumer printable media products, technology driven label solutions, polymer bank note substrates, and specialty films. The company operates through four segments: CCL, Avery, Checkpoint, and Innovia. The CCL segment offers pressure sensitive and specialty extruded film materials for decorative, instructional, functional, and security applications in the consumer packaging, healthcare, chemicals, consumer electronic device, and automotive markets.