CCL Industries Inc. (TSE:CCL.B) Receives C$82.00 Average PT from Analysts

CCL Industries Inc. (TSE:CCL.B) has been assigned an average rating of “Buy” from the eight ratings firms that are presently covering the stock, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a buy rating. The average 1-year price target among analysts that have covered the stock in the last year is C$82.00.

Several equities research analysts have recently commented on CCL.B shares. Royal Bank of Canada lifted their target price on CCL Industries from C$81.00 to C$83.00 in a research note on Friday, May 10th. TD Securities upped their target price on shares of CCL Industries from C$84.00 to C$90.00 in a research report on Friday, May 10th. Stifel Nicolaus raised their target price on shares of CCL Industries from C$79.00 to C$83.00 in a research note on Friday, May 10th. Scotiabank boosted their price target on shares of CCL Industries from C$79.00 to C$80.00 in a research note on Friday, May 10th. Finally, CIBC raised their price objective on shares of CCL Industries from C$82.00 to C$83.00 in a research note on Thursday, April 11th.

Insider Activity at CCL Industries

In other CCL Industries news, Director Scott Mitchell-Harris sold 2,375 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of C$71.34, for a total transaction of C$169,432.50. In related news, Director Gunther Johann Birkner sold 20,000 shares of CCL Industries stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of C$71.69, for a total value of C$1,433,800.00. Also, Director Scott Mitchell-Harris sold 2,375 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of C$71.34, for a total value of C$169,432.50. In the last three months, insiders sold 52,375 shares of company stock worth $3,743,694. 11.13% of the stock is owned by company insiders.

CCL Industries Price Performance

CCL.B opened at C$70.73 on Wednesday. The company has a debt-to-equity ratio of 48.74, a current ratio of 1.95 and a quick ratio of 1.31. The company’s 50 day simple moving average is C$71.34 and its 200-day simple moving average is C$66.80. CCL Industries has a one year low of C$52.82 and a one year high of C$74.49. The stock has a market capitalization of C$11.85 billion, a P/E ratio of 22.85, a price-to-earnings-growth ratio of 0.26 and a beta of 0.53.

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.