CCL Industries Inc. (TSE:CCL.B) Receives C$85.44 Consensus Target Price from Brokerages

Shares of CCL Industries Inc. (TSE:CCL.B) have earned an average rating of “Buy” from the nine analysts that are presently covering the company, Marketbeat Ratings reports. Nine analysts have rated the stock with a buy rating. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$85.44.

A number of brokerages recently weighed in on CCL.B. Raymond James boosted 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. TD Securities boosted their price objective on shares of CCL Industries from C$90.00 to C$92.00 and gave the company a “buy” rating in a research report on Monday, August 12th. BMO Capital Markets upped their target price on shares of CCL Industries from C$84.00 to C$90.00 in a research report on Thursday, September 12th. CIBC upped their target price on shares of CCL Industries from C$86.00 to C$88.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 14th. Finally, National Bankshares upped their target price on shares of 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.

Insider Activity

In other news, Senior Officer Mark Mcclendon sold 400 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of C$73.47, for a total value of C$29,388.00. In other CCL Industries news, insider CCL Industries Inc. bought 67,024 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was acquired at an average cost of C$76.93 per share, with a total value of C$5,155,915.03. Also, Senior Officer Mark Mcclendon sold 400 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of C$73.47, for a total transaction of C$29,388.00. Insiders sold 121,781 shares of company stock worth $9,405,624 over the last three months. Corporate insiders own 11.22% of the company’s stock.

CCL Industries Price Performance

Shares of TSE:CCL.B opened at C$81.95 on Friday. The company has a quick ratio of 1.31, a current ratio of 1.96 and a debt-to-equity ratio of 48.08. CCL Industries has a fifty-two week low of C$52.82 and a fifty-two week high of C$82.96. The firm has a 50-day simple moving average of C$78.17 and a 200 day simple moving average of C$73.64. The company has a market cap of C$13.69 billion, a PE ratio of 21.80, a P/E/G ratio of 0.26 and a beta of 0.57.

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.