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

Shares of CCL Industries Inc. (TSE:CCL.B) have earned a consensus recommendation of “Buy” from the nine ratings firms that are covering the stock, Marketbeat.com reports. Nine analysts have rated the stock with a buy recommendation. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$78.90.

CCL.B has been the topic of several recent analyst reports. Raymond James upgraded CCL Industries from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from C$74.00 to C$78.00 in a report on Thursday, March 7th. Stifel Nicolaus upgraded CCL Industries from a “hold” rating to a “buy” rating and boosted their target price for the company from C$65.00 to C$79.00 in a research note on Monday, February 26th. CIBC boosted their target price on CCL Industries from C$82.00 to C$83.00 in a research note on Thursday, April 11th. National Bankshares boosted their target price on CCL Industries from C$79.00 to C$81.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Finally, Scotiabank boosted their target price on CCL Industries from C$72.00 to C$79.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd.

Insider Transactions at CCL Industries

In other news, Director Derek Cumming sold 700 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of C$69.51, for a total transaction of C$48,653.50. In related news, Director Derek Cumming sold 700 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of C$69.51, for a total transaction of C$48,653.50. Also, Director Tom Peddie sold 1,200 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of C$71.03, for a total value of C$85,236.00. Insiders have sold a total of 293,799 shares of company stock worth $21,357,228 in the last 90 days. Corporate insiders own 10.03% of the company’s stock.

CCL Industries Trading Up 0.2 %

TSE:CCL.B opened at C$70.75 on Friday. CCL Industries has a fifty-two week low of C$52.82 and a fifty-two week high of C$74.49. The company has a debt-to-equity ratio of 49.37, a current ratio of 1.89 and a quick ratio of 1.31. The stock has a market capitalization of C$11.74 billion, a PE ratio of 23.98, a price-to-earnings-growth ratio of 0.26 and a beta of 0.55. The business’s 50-day simple moving average is C$69.26 and its 200-day simple moving average is C$61.44.

About CCL Industries

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.