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

CCL Industries Inc. (TSE:CCL.B) has been given a consensus recommendation of “Buy” by the nine ratings firms that are currently covering the firm, Marketbeat.com reports. Nine analysts have rated the stock with a buy recommendation. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$86.11.

A number of equities analysts recently issued reports on CCL.B shares. Raymond James increased their price target on shares of CCL Industries from C$84.00 to C$87.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. BMO Capital Markets increased their target price on CCL Industries from C$84.00 to C$90.00 in a research report on Thursday, September 12th. Scotiabank lifted their price target on CCL Industries from C$80.00 to C$84.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. CIBC increased their price objective on CCL Industries from C$86.00 to C$88.00 and gave the stock an “outperform” rating in a report on Wednesday, August 14th. Finally, National Bankshares boosted their target price on shares of CCL Industries from C$84.00 to C$87.00 and gave the company an “outperform” rating in a report on Monday, August 12th.

CCL Industries Stock Down 0.4 %

TSE CCL.B opened at C$80.88 on Tuesday. CCL Industries has a 1 year low of C$54.01 and a 1 year high of C$84.70. The stock has a market capitalization of C$13.51 billion, a PE ratio of 21.51, a PEG ratio of 0.26 and a beta of 0.57. The company has a debt-to-equity ratio of 48.08, a current ratio of 1.96 and a quick ratio of 1.31. The business’s 50-day moving average is C$80.88 and its 200 day moving average is C$75.18.

Insider Buying and Selling

In other news, Director Gunther Johann Birkner sold 15,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of C$75.00, for a total transaction of C$1,125,000.00. In related news, Director Gunther Johann Birkner sold 15,000 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of C$75.00, for a total transaction of C$1,125,000.00. Also, Director Derek Cumming sold 10,000 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of C$81.41, for a total value of C$814,100.00. Insiders have sold a total of 117,381 shares of company stock worth $9,081,236 in the last quarter. Corporate insiders own 11.22% of the company’s stock.

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.