Analysts Set CCL Industries Inc. (TSE:CCL.B) PT at C$88.44

Shares of CCL Industries Inc. (TSE:CCL.B) have received a consensus rating of “Buy” from the nine ratings firms that are currently covering the firm, MarketBeat reports. Nine investment analysts have rated the stock with a buy recommendation. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$88.44.

A number of equities analysts recently commented on CCL.B shares. National Bankshares raised their price objective on shares of 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. Scotiabank raised their price objective on shares of CCL Industries from C$80.00 to C$84.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Stifel Nicolaus raised their price objective on shares of CCL Industries from C$85.00 to C$90.00 in a research note on Monday, November 18th. CIBC raised their price objective on shares of CCL Industries from C$93.00 to C$96.00 in a research note on Monday, November 18th. Finally, Royal Bank of Canada decreased their price objective on shares of CCL Industries from C$92.00 to C$90.00 in a research note on Friday, November 15th.

Insider Buying and Selling

In related news, insider CCL Industries Inc. acquired 1,609 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were bought at an average price of C$80.70 per share, for a total transaction of C$129,847.27. Also, Senior Officer James Andrew Sellors sold 10,000 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of C$77.50, for a total transaction of C$775,000.00. Insiders have sold 36,633 shares of company stock worth $2,926,006 in the last quarter. 11.22% of the stock is currently owned by company insiders.

CCL Industries Trading Up 0.8 %

CCL Industries stock opened at C$78.23 on Friday. 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 firm has a market cap of C$13.07 billion, a price-to-earnings ratio of 20.81, a price-to-earnings-growth ratio of 0.26 and a beta of 0.57. CCL Industries has a 1 year low of C$55.34 and a 1 year high of C$84.70. The firm’s 50 day moving average price is C$80.59 and its two-hundred day moving average price is C$76.01.

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.