CCL Industries Inc. (TSE:CCL.B) Receives C$90.38 Average PT from Brokerages

Shares of CCL Industries Inc. (TSE:CCL.B) have been given an average recommendation of “Buy” by the six ratings firms that are currently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a buy rating. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$90.38.

CCL.B has been the subject of several research analyst reports. Royal Bank of Canada dropped their price target on shares of CCL Industries from C$92.00 to C$90.00 in a research report on Friday, November 15th. BMO Capital Markets raised their price objective on CCL Industries from C$90.00 to C$93.00 in a report on Friday, November 15th. Stifel Nicolaus increased their target price on shares of CCL Industries from C$85.00 to C$90.00 in a research report on Monday, November 18th. TD Securities reduced their price objective on CCL Industries from C$98.00 to C$94.00 in a research note on Friday, November 15th. Finally, Scotiabank lifted their price target on shares of CCL Industries from C$85.00 to C$86.00 in a research note on Friday, February 21st.

Insider Activity at CCL Industries

In related news, insider CCL Industries Inc. purchased 67,024 shares of the company’s stock in a transaction on Friday, February 28th. The shares were bought at an average cost of C$73.98 per share, for a total transaction of C$4,958,609.78. Also, Director Scott Mitchell-Harris sold 2,141 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of C$73.98, for a total value of C$158,391.18. Insiders sold 7,947 shares of company stock worth $576,228 in the last 90 days. 11.22% of the stock is currently owned by company insiders.

CCL Industries Stock Performance

TSE:CCL.B opened at C$71.72 on Monday. CCL Industries has a 1-year low of C$66.96 and a 1-year high of C$84.70. The firm has a 50 day simple moving average of C$72.16 and a 200-day simple moving average of C$76.42. 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 firm has a market cap of C$11.98 billion, a PE ratio of 19.07, a P/E/G ratio of 0.26 and a beta of 0.57.

CCL Industries Company Profile

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.