CCL Industries Inc. (TSE:CCL.B) Given Consensus Recommendation of “Buy” by Brokerages

Shares of CCL Industries Inc. (TSE:CCL.BGet Free Report) have been assigned an average recommendation of “Buy” from the eight brokerages that are currently covering the firm, Marketbeat Ratings reports. Eight research analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokerages that have covered the stock in the last year is C$82.00.

CCL.B has been the subject of a number of recent analyst reports. Raymond James lifted their target price on CCL Industries from C$80.00 to C$84.00 and gave the company an “outperform” rating in a report on Tuesday, June 11th. CIBC lifted their price target on CCL Industries from C$82.00 to C$83.00 in a research note on Thursday, April 11th. BMO Capital Markets raised their price objective on CCL Industries from C$81.00 to C$83.00 in a report on Friday, May 10th. Scotiabank upped their target price on CCL Industries from C$79.00 to C$80.00 in a research note on Friday, May 10th. Finally, National Bankshares increased their target price on shares of CCL Industries from C$83.00 to C$84.00 and gave the company an “outperform” rating in a report on Tuesday, June 11th.

View Our Latest Analysis on CCL Industries

CCL Industries Price Performance

CCL Industries stock opened at C$70.73 on Wednesday. The firm has a market capitalization of C$11.85 billion, a P/E ratio of 22.85, a PEG ratio of 0.26 and a beta of 0.53. CCL Industries has a one year low of C$52.82 and a one year high of C$74.49. The company has a debt-to-equity ratio of 48.74, a current ratio of 1.95 and a quick ratio of 1.31. The business has a fifty day moving average price of C$71.34 and a 200-day moving average price of C$66.80.

Insider Buying and Selling at CCL Industries

In other CCL Industries news, Senior Officer James Andrew Sellors sold 30,000 shares of the business’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of C$71.35, for a total transaction of C$2,140,461.00. In other news, Director Scott Mitchell-Harris sold 2,375 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of C$71.34, for a total value of C$169,432.50. Also, Senior Officer James Andrew Sellors sold 30,000 shares of CCL Industries stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of C$71.35, for a total value of C$2,140,461.00. Over the last quarter, insiders have sold 52,375 shares of company stock worth $3,743,694. 11.13% of the stock is currently owned by company insiders.

About CCL Industries

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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.

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Analyst Recommendations for CCL Industries (TSE:CCL.B)

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