CCL Industries Inc. (TSE:CCL.B) Given Average Rating of "Buy" by Brokerages

Shares of CCL Industries Inc. (TSE:CCL.B - Get Free Report) have been given an average recommendation of "Buy" by the six ratings firms that are covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a buy recommendation. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$88.88.

Several equities analysts have recently issued reports on the company. CIBC reduced their target price on CCL Industries from C$96.00 to C$88.00 and set an "outperform" rating for the company in a report on Tuesday, April 22nd. TD Securities reduced their target price on CCL Industries from C$94.00 to C$90.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Finally, Scotiabank upped their target price on CCL Industries from C$85.00 to C$86.00 in a report on Friday, February 21st.

Insider Activity at CCL Industries

In related news, insider CCL Industries Inc. bought 67,024 shares of the business's stock in a transaction on Friday, February 28th. The stock was acquired at an average price of C$73.98 per share, for a total transaction of C$4,958,609.78. Also, Director Tom Peddie sold 400 shares of the company's stock in a transaction dated Friday, March 28th. The shares were sold at an average price of C$69.85, for a total value of C$27,940.00. Following the sale, the director now owns 100 shares in the company, valued at approximately C$6,985. This represents a 80.00 % decrease in their ownership of the stock. Over the last quarter, insiders have sold 8,427 shares of company stock worth $609,884. Insiders own 11.22% of the company's stock.

CCL Industries Stock Performance

Shares of CCL.B opened at C$71.05 on Tuesday. The company has a debt-to-equity ratio of 48.08, a quick ratio of 1.31 and a current ratio of 1.96. The stock has a 50 day moving average price of C$70.55 and a two-hundred day moving average price of C$74.13. The firm has a market capitalization of C$11.87 billion, a P/E ratio of 18.90, a P/E/G ratio of 0.26 and a beta of 0.57. CCL Industries has a 52 week low of C$64.93 and a 52 week high of C$84.70.

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.

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