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

Shares of CCL Industries Inc. (TSE:CCL.B) have been given a consensus rating of “Buy” by the nine brokerages that are covering the firm, Marketbeat reports. Nine investment analysts have rated the stock with a buy rating. The average 1-year price objective among brokers that have covered the stock in the last year is C$85.44.

Several research firms recently weighed in on CCL.B. TD Securities upped their price objective on shares of CCL Industries from C$90.00 to C$92.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Scotiabank raised their price objective on shares of CCL Industries from C$80.00 to C$84.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. CIBC lifted their price objective on shares of CCL Industries from C$86.00 to C$88.00 and gave the stock an “outperform” rating in a report on Wednesday, August 14th. BMO Capital Markets increased their target price on CCL Industries from C$84.00 to C$90.00 in a research note on Thursday. Finally, Raymond James lifted their price target on CCL Industries from C$84.00 to C$87.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th.

Insider Transactions at CCL Industries

In other CCL Industries news, insider CCL Industries Inc. bought 230,500 shares of CCL Industries stock in a transaction dated Thursday, June 27th. The shares were purchased at an average cost of C$72.48 per share, with a total value of C$16,705,718.00. In related news, insider CCL Industries Inc. acquired 230,500 shares of CCL Industries stock in a transaction that occurred on Thursday, June 27th. The stock was bought at an average price of C$72.48 per share, with a total value of C$16,705,718.00. Also, Director Geoffrey Martin sold 6,000 shares of CCL Industries stock in a transaction on Monday, August 19th. The shares were sold at an average price of C$77.62, for a total value of C$465,702.00. In the last quarter, insiders sold 110,924 shares of company stock valued at $8,521,231. Corporate insiders own 11.16% of the company’s stock.

CCL Industries Price Performance

TSE CCL.B opened at C$80.85 on Monday. The company has a market cap of C$13.51 billion, a PE ratio of 21.50, a price-to-earnings-growth ratio of 0.26 and a beta of 0.56. 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 simple moving average is C$75.17 and its two-hundred day simple moving average is C$72.37. CCL Industries has a 52 week low of C$52.82 and a 52 week high of C$82.96.

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.