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

Shares of CCL Industries Inc. (TSE:CCL.B) have been given a consensus recommendation of “Moderate Buy” by the six research firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$101.80.

Several analysts have recently weighed in on CCL.B shares. Royal Bank Of Canada boosted their price objective on shares of CCL Industries from C$99.00 to C$100.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. ATB Cormark Capital Markets lifted their price target on shares of CCL Industries from C$101.00 to C$102.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. National Bank Financial boosted their price target on shares of CCL Industries from C$102.00 to C$104.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Stifel Nicolaus boosted their price target on shares of CCL Industries from C$103.00 to C$105.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Finally, TD upped their price objective on shares of CCL Industries from C$105.00 to C$110.00 and gave the company a “buy” rating in a research note on Friday, May 15th.

CCL Industries Stock Performance

Shares of CCL Industries stock opened at C$94.63 on Wednesday. The firm has a market capitalization of C$16.26 billion, a P/E ratio of 20.71, a P/E/G ratio of 0.26 and a beta of 0.93. CCL Industries has a 52 week low of C$74.69 and a 52 week high of C$95.00. The company has a quick ratio of 1.31, a current ratio of 1.96 and a debt-to-equity ratio of 48.08. The firm’s 50 day moving average is C$88.72 and its two-hundred day moving average is C$87.42.

About CCL Industries

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. The Avery segment sells software, labels, tags, dividers, badges, and specialty card products under the Avery brand. The Checkpoint segment includes the manufacturing and selling of technology-driven, inventory management and labeling solutions.