CCL Industries Inc. (TSE:CCL.B) Stock Now Rated “Moderate Buy” by Wall Street Brokerages

CCL Industries Inc. (TSE:CCL.B) has earned an average recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$106.60.

Several equities research analysts recently issued reports on CCL.B shares. Royal Bank Of Canada lifted their price objective on shares of CCL Industries from C$100.00 to C$107.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. ATB Cormark Capital Markets increased their target price on shares of CCL Industries from C$102.00 to C$104.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. BMO Capital Markets increased their price objective on CCL Industries from C$103.00 to C$110.00 in a report on Friday, August 14th. Canadian Imperial Bank of Commerce raised their price objective on CCL Industries from C$104.00 to C$113.00 in a research note on Friday, August 14th. Finally, National Bank Financial raised their price objective on CCL Industries from C$104.00 to C$106.00 and gave the company an “outperform” rating in a research note on Friday, August 14th.

CCL Industries Stock Performance

Shares of CCL.B opened at C$97.22 on Monday. The company’s fifty day moving average is C$94.11 and its 200-day moving average is C$90.33. CCL Industries has a 12 month low of C$76.13 and a 12 month high of C$98.59. The firm has a market cap of C$16.44 billion, a price-to-earnings ratio of 20.82, a price-to-earnings-growth ratio of 0.26 and a beta of 0.84. The company has a quick ratio of 1.31, a current ratio of 1.96 and a debt-to-equity ratio of 48.08.

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.