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

Shares of CCL Industries Inc. (TSE:CCL.B) have been given a consensus rating of “Buy” by the nine research firms that are covering the company, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a buy recommendation. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$78.90.

Several research analysts have weighed in on the company. Raymond James raised CCL Industries from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from C$74.00 to C$78.00 in a research report on Thursday, March 7th. Scotiabank boosted their price target on CCL Industries from C$72.00 to C$79.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. National Bankshares boosted their price target on CCL Industries from C$79.00 to C$81.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Royal Bank of Canada boosted their target price on CCL Industries from C$72.00 to C$81.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Finally, CIBC boosted their target price on CCL Industries from C$82.00 to C$83.00 in a report on Thursday, April 11th.

Insider Buying and Selling at CCL Industries

In other CCL Industries news, Director Gunther Johann Birkner sold 10,000 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of C$70.00, for a total value of C$700,000.00. In other news, Director Gunther Johann Birkner sold 10,000 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of C$70.00, for a total transaction of C$700,000.00. Also, Director Stuart W. Lang sold 175,000 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of C$73.84, for a total value of C$12,921,300.00. Insiders have sold a total of 293,799 shares of company stock valued at $21,357,228 in the last ninety days. 10.03% of the stock is currently owned by corporate insiders.

CCL Industries Stock Up 1.0 %

TSE:CCL.B opened at C$70.82 on Friday. The firm has a market capitalization of C$11.75 billion, a price-to-earnings ratio of 24.01, a price-to-earnings-growth ratio of 0.26 and a beta of 0.55. CCL Industries has a twelve month low of C$52.82 and a twelve month high of C$74.49. The stock’s 50 day moving average price is C$67.92 and its two-hundred day moving average price is C$60.94. The company has a quick ratio of 1.31, a current ratio of 1.89 and a debt-to-equity ratio of 49.37.

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.