CCL Industries Inc. (TSE:CCL.B) Receives Average Recommendation of “Buy” from Analysts

Shares of CCL Industries Inc. (TSE:CCL.B) have received a consensus recommendation of “Buy” from the eight brokerages that are presently covering the firm, MarketBeat.com reports. Eight analysts have rated the stock with a buy rating. The average 12-month target price among brokers that have covered the stock in the last year is C$90.25.

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

Insider Buying and Selling at CCL Industries

In related news, insider CCL Industries Inc. bought 67,024 shares of the firm’s stock in a transaction on Friday, November 29th. The shares were purchased at an average price of C$77.55 per share, with a total value of C$5,197,557.04. Also, Senior Officer James Andrew Sellors sold 10,000 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of C$77.50, for a total value of C$775,000.00. In the last quarter, insiders have acquired 201,072 shares of company stock valued at $15,572,229. 11.22% of the stock is currently owned by corporate insiders.

CCL Industries Stock Up 1.0 %

CCL.B stock opened at C$70.29 on Thursday. CCL Industries has a fifty-two week low of C$56.60 and a fifty-two week high of C$84.70. 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 stock has a market capitalization of C$11.74 billion, a price-to-earnings ratio of 18.69, a PEG ratio of 0.26 and a beta of 0.57. The business’s fifty day moving average price is C$73.29 and its two-hundred day moving average price is C$76.65.

About CCL Industries

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.