CCL Industries Inc. (CCL.B) Given Consensus Rating of “Buy” by Brokerages

Shares of CCL Industries Inc. (TSE:CCL.B) have received an average recommendation of “Buy” from the seven analysts that are covering the firm. Seven equities research analysts have rated the stock with a buy rating. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$315.83.

CCL.B has been the topic of several analyst reports. BMO Capital Markets raised their price target on shares of CCL Industries from C$295.00 to C$330.00 in a research note on Monday, February 27th. TD Securities raised their price target on shares of CCL Industries from C$325.00 to C$330.00 and gave the company a “buy” rating in a research note on Friday, February 24th. Scotiabank raised their price target on shares of CCL Industries from C$310.00 to C$320.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, CIBC reiterated an “outperform” rating and set a C$320.00 price objective on shares of CCL Industries in a research note on Wednesday, March 1st.

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About CCL Industries

CCL Industries Inc is involved in manufacture of labels, containers, consumer printable media products and inventory management and loss prevention solutions. It operates through four segments: Label, Avery, Checkpoint and Container. The Label segment includes production of pressure sensitive and extruded film materials for a range of decorative, instructional and functional applications for customers in the consumer packaging, healthcare, automotive and consumer durables markets.

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