Analysts Set CCL Industries Inc. (TSE:CCL.B) Target Price at C$90.38

CCL Industries Inc. (TSE:CCL.B) has received an average rating of “Buy” from the six research firms that are presently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a buy recommendation. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$90.38.

CCL.B has been the subject of several recent research reports. Scotiabank upped their price target on shares of CCL Industries from C$85.00 to C$86.00 in a research report on Friday, February 21st. Stifel Nicolaus upped 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 lowered their price target on shares of CCL Industries from C$97.00 to C$96.00 and set an “outperform” rating for the company in a research report on Tuesday, February 25th.

Insider Activity at CCL Industries

In other CCL Industries news, Director Mark Cooper sold 5,556 shares of the company’s 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. Also, Director Scott Mitchell-Harris sold 2,141 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of C$73.98, for a total transaction of C$158,391.18. Insiders sold 7,947 shares of company stock worth $576,228 in the last 90 days. Corporate insiders own 11.22% of the company’s stock.

CCL Industries Stock Up 2.0 %

CCL Industries stock opened at C$71.72 on Monday. The company has a 50-day simple moving average of C$72.16 and a 200-day simple moving average of C$76.41. The firm has a market capitalization of C$11.98 billion, a P/E ratio of 19.07, a P/E/G ratio of 0.26 and a beta of 0.57. The company has a debt-to-equity ratio of 48.08, a quick ratio of 1.31 and a current ratio of 1.96. CCL Industries has a one year low of C$66.96 and a one year high of C$84.70.

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.