Brokerages Set CCL Industries Inc. (TSE:CCL.B) Price Target at C$86.11

Shares of CCL Industries Inc. (TSE:CCL.B) have been given a consensus recommendation of “Buy” by the nine ratings firms that are currently covering the stock, Marketbeat.com reports. Nine equities research analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokers that have covered the stock in the last year is C$86.11.

A number of equities analysts have recently weighed in on the stock. TD Securities boosted their price objective on shares of CCL Industries from C$92.00 to C$98.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Scotiabank increased their target price on shares of CCL Industries from C$80.00 to C$84.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. BMO Capital Markets upped their price target on shares of CCL Industries from C$84.00 to C$90.00 in a research report on Thursday, September 12th. Raymond James increased their target price on shares of CCL Industries from C$84.00 to C$87.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. Finally, National Bankshares raised their price objective on shares of CCL Industries from C$84.00 to C$87.00 and gave the company an “outperform” rating in a research report on Monday, August 12th.

CCL Industries Trading Down 0.8 %

Shares of CCL Industries stock opened at C$81.90 on Tuesday. The company has a market capitalization of C$13.68 billion, a P/E ratio of 21.78, a PEG ratio of 0.26 and a beta of 0.57. The company’s fifty day moving average is C$80.80 and its two-hundred day moving average is C$75.10. The company has a debt-to-equity ratio of 48.08, a quick ratio of 1.31 and a current ratio of 1.96. CCL Industries has a 1 year low of C$52.82 and a 1 year high of C$84.70.

Insider Buying and Selling at CCL Industries

In related news, Director Tom Peddie sold 4,000 shares of CCL Industries stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of C$73.75, for a total transaction of C$295,000.00. Following the completion of the sale, the director now directly owns 500 shares of the company’s stock, valued at C$36,875. The trade was a 0.00 % decrease in their ownership of the stock. In other news, Director Tom Peddie sold 4,000 shares of the company’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of C$73.75, for a total transaction of C$295,000.00. Following the completion of the transaction, the director now directly owns 500 shares of the company’s stock, valued at C$36,875. This represents a 0.00 % decrease in their ownership of the stock. Also, Senior Officer Mark Mcclendon sold 400 shares of the company’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of C$73.47, for a total value of C$29,388.00. In the last quarter, insiders sold 121,781 shares of company stock worth $9,405,624. 11.22% of the stock is currently owned by insiders.

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.