CCL Industries Inc. (TSE:CCL.B) Given Consensus Rating of “Moderate Buy” by Analysts

CCL Industries Inc. (TSE:CCL.B) has been assigned a consensus rating of “Moderate Buy” from the seven research firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$106.60.

A number of equities research analysts have commented on CCL.B shares. Royal Bank Of Canada raised their target price on shares of CCL Industries from C$100.00 to C$107.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. Raymond James Financial upped their price target on shares of CCL Industries from C$100.00 to C$105.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Canadian Imperial Bank of Commerce increased their price objective on shares of CCL Industries from C$104.00 to C$113.00 in a research note on Friday, August 14th. BMO Capital Markets raised their price objective on shares of CCL Industries from C$103.00 to C$110.00 in a research report on Friday, August 14th. Finally, TD upped their target price on shares of CCL Industries from C$110.00 to C$115.00 and gave the stock a “buy” rating in a report on Friday, August 14th.

CCL Industries Trading Down 0.7%

Shares of TSE:CCL.B opened at C$95.09 on Friday. The stock has a 50 day moving average of C$91.65 and a 200 day moving average of C$88.41. The company has a market cap of C$16.08 billion, a PE ratio of 20.36, a price-to-earnings-growth ratio of 0.26 and a beta of 0.95. The company has a current ratio of 1.96, a quick ratio of 1.31 and a debt-to-equity ratio of 48.08. CCL Industries has a 12-month low of C$74.69 and a 12-month high of C$98.59.

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. The Avery segment sells software, labels, tags, dividers, badges, and specialty card products under the Avery brand. The Checkpoint segment includes the manufacturing and selling of technology-driven, inventory management and labeling solutions.