CCL Industries Inc. (CCL.B) Given Average Rating of “Buy” by Analysts

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 research analysts have rated the stock with a buy rating. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$314.17.

Several research analysts have recently issued reports on the company. BMO Capital Markets increased their price target on CCL Industries from C$330.00 to C$335.00 and gave the stock an “outperform” rating in a research note on Thursday. Scotiabank reissued an “outperform” rating and issued a C$310.00 price target on shares of CCL Industries in a research note on Friday, March 17th. CIBC reissued an “outperform” rating and issued a C$320.00 price target on shares of CCL Industries in a research note on Wednesday, March 1st. Finally, TD Securities increased their price target on CCL Industries from C$325.00 to C$330.00 and gave the stock a “buy” rating in a research note on Friday, February 24th.

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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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