CCL Industries Inc. (TSE:CCL.B) Stock Rated “Moderate Buy” by Sell-Side Brokerages

Shares of CCL Industries Inc. (TSE:CCL.B) have earned an average recommendation of “Moderate Buy” from the seven research firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is C$111.00.

A number of equities research analysts have recently issued reports on the stock. TD set a C$115.00 target price on shares of CCL Industries and gave the company a “buy” rating in a research note on Thursday, September 10th. Royal Bank Of Canada increased their target price on CCL Industries from C$107.00 to C$112.00 and gave the stock an “outperform” rating in a report on Thursday. ATB Cormark Capital Markets lifted their target price on CCL Industries from C$110.00 to C$112.00 and gave the stock an “outperform” rating in a research report on Thursday. Canadian Imperial Bank of Commerce lifted their price objective on shares of CCL Industries from C$104.00 to C$113.00 in a report on Friday, August 14th. Finally, Stifel Nicolaus boosted their target price on shares of CCL Industries from C$115.00 to C$120.00 and gave the company a “buy” rating in a research note on Thursday.

CCL Industries Trading Down 0.1%

TSE CCL.B opened at C$101.16 on Friday. The stock has a market cap of C$17.10 billion, a P/E ratio of 21.66, a PEG ratio of 0.26 and a beta of 0.79. The company’s fifty day simple moving average is C$96.00 and its 200-day simple moving average is C$90.38. The company has a current ratio of 1.96, a quick ratio of 1.31 and a debt-to-equity ratio of 48.08. CCL Industries has a 52 week low of C$80.46 and a 52 week high of C$109.64.

About CCL Industries

CCL Industries Inc manufactures and sells packaging and packaging-related products. The company operates through various segments, which include The CCL segment, which generates the majority of revenue, sells pressure sensitive and extruded film materials used for labels on consumer packaging, healthcare, automotive, and consumer durable products. The Avery segment sells software, labels, tags, dividers, badges, and specialty card products under the Avery brand. The Checkpoint segment includes the manufacturing and selling of technology-driven, inventory management and labeling solutions.