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

CCL Industries Inc. (TSE:CCL.B) has earned a consensus rating of “Buy” from the eight analysts that are presently covering the stock, Marketbeat reports. Eight investment analysts have rated the stock with a buy recommendation. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$90.25.

CCL.B has been the subject of several research reports. Royal Bank of Canada decreased their price objective on shares of CCL Industries from C$92.00 to C$90.00 in a research note on Friday, November 15th. CIBC lifted their price target on shares of CCL Industries from C$96.00 to C$97.00 in a research note on Wednesday, January 15th. BMO Capital Markets upped their price objective on shares of CCL Industries from C$90.00 to C$93.00 in a research report on Friday, November 15th. Stifel Nicolaus raised their target price on CCL Industries from C$85.00 to C$90.00 in a research note on Monday, November 18th. Finally, TD Securities cut their price target on CCL Industries from C$98.00 to C$94.00 in a research note on Friday, November 15th.

CCL Industries Stock Up 0.2 %

CCL Industries stock opened at C$70.65 on Thursday. The firm has a market capitalization of C$11.80 billion, a price-to-earnings ratio of 18.79, 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 quick ratio of 1.31 and a current ratio of 1.96. The stock’s fifty day moving average is C$72.58 and its two-hundred day moving average is C$76.52. CCL Industries has a fifty-two week low of C$58.02 and a fifty-two week high of C$84.70.

Insider Activity

In other news, insider CCL Industries Inc. bought 67,024 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was acquired at an average cost of C$77.55 per share, for a total transaction of C$5,197,557.04. Also, Director Derek Cumming sold 3,500 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of C$78.25, for a total transaction of C$273,889.70. Over the last ninety days, insiders have acquired 201,072 shares of company stock valued at $15,572,229. 11.22% of the stock is owned by insiders.

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.