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

Shares of CCL Industries Inc. (TSE:CCL.B) have received an average recommendation of “Buy” from the nine brokerages that are currently covering the firm, MarketBeat.com reports. Nine research analysts have rated the stock with a buy rating. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$78.90.

CCL.B has been the topic of a number of recent analyst reports. Raymond James upgraded CCL Industries from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from C$74.00 to C$78.00 in a report on Thursday, March 7th. CIBC lifted their price target on CCL Industries from C$82.00 to C$83.00 in a report on Thursday, April 11th. National Bankshares lifted their price target on CCL Industries from C$79.00 to C$81.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Stifel Nicolaus upgraded CCL Industries from a “hold” rating to a “buy” rating and lifted their price target for the stock from C$65.00 to C$79.00 in a report on Monday, February 26th. Finally, BMO Capital Markets lifted their price target on CCL Industries from C$76.00 to C$81.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd.

Insider Buying and Selling at CCL Industries

In other news, Director Derek Cumming sold 700 shares of CCL Industries stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of C$69.51, for a total value of C$48,653.50. In related news, Director Donald G. Lang sold 72,600 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of C$71.49, for a total transaction of C$5,190,144.96. Also, Director Derek Cumming sold 700 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of C$69.51, for a total value of C$48,653.50. Insiders have sold a total of 293,799 shares of company stock worth $21,357,228 over the last ninety days. 10.03% of the stock is currently owned by company insiders.

CCL Industries Stock Up 0.2 %

CCL.B stock opened at C$70.75 on Friday. The stock’s 50 day moving average is C$69.26 and its 200-day moving average is C$61.44. The firm has a market capitalization of C$11.74 billion, a PE ratio of 23.98, a P/E/G ratio of 0.26 and a beta of 0.55. CCL Industries has a twelve month low of C$52.82 and a twelve month high of C$74.49. The company has a quick ratio of 1.31, a current ratio of 1.89 and a debt-to-equity ratio of 49.37.

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.