Brokerages Set CCL Industries Inc. (TSE:CCL.B) PT at C$85.44

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

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

CCL Industries Stock Up 1.0 %

Shares of CCL.B stock opened at C$81.34 on Friday. CCL Industries has a 1 year low of C$52.82 and a 1 year high of C$82.96. The stock has a market cap of C$13.59 billion, a PE ratio of 21.63, a price-to-earnings-growth ratio of 0.26 and a beta of 0.57. 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 business’s fifty day moving average is C$77.89 and its 200-day moving average is C$73.50.

Insider Activity

In other CCL Industries news, Director Tom Peddie sold 4,000 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of C$73.75, for a total value of C$295,000.00. Following the transaction, the director now owns 500 shares in the company, valued at approximately C$36,875. This trade represents a 0.00 % decrease in their position. In related news, insider CCL Industries Inc. acquired 67,024 shares of the business’s stock in a transaction dated Friday, August 30th. The shares were acquired at an average price of C$76.93 per share, with a total value of C$5,155,915.03. Also, Director Tom Peddie sold 4,000 shares of the stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of C$73.75, for a total value of C$295,000.00. Following the completion of the transaction, the director now directly owns 500 shares in the company, valued at C$36,875. This trade represents a 0.00 % decrease in their position. Insiders sold a total of 121,781 shares of company stock valued at $9,405,624 in the last quarter. 11.22% of the stock is currently owned by company insiders.

CCL Industries Company Profile

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.