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

CCL Industries Inc. (TSE:CCL.B) has received a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$106.60.

A number of brokerages have weighed in on CCL.B. BMO Capital Markets lifted their price target on shares of CCL Industries from C$103.00 to C$110.00 in a report on Friday, August 14th. Raymond James Financial increased their target price on CCL Industries from C$100.00 to C$105.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Canadian Imperial Bank of Commerce lifted their target price on CCL Industries from C$104.00 to C$113.00 in a report on Friday, August 14th. ATB Cormark Capital Markets boosted their price target on CCL Industries from C$102.00 to C$104.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Finally, Royal Bank Of Canada upped their price target on CCL Industries from C$100.00 to C$107.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th.

CCL Industries Stock Performance

Shares of CCL.B stock opened at C$96.25 on Thursday. CCL Industries has a one year low of C$74.69 and a one year high of C$98.59. The company has a debt-to-equity ratio of 48.08, a quick ratio of 1.31 and a current ratio of 1.96. The company has a 50 day moving average price of C$92.86 and a 200 day moving average price of C$89.25. The firm has a market capitalization of C$16.27 billion, a price-to-earnings ratio of 20.61, a price-to-earnings-growth ratio of 0.26 and a beta of 0.90.

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.