CCL Industries Inc. (TSE:CCL.B) Receives Consensus Recommendation of "Buy" from Brokerages

CCL Industries Inc. (TSE:CCL.B - Get Free Report) has been assigned an average recommendation of "Buy" from the six brokerages that are currently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a buy recommendation. The average 12-month price objective among analysts that have covered the stock in the last year is C$88.88.

A number of equities research analysts have issued reports on the stock. CIBC lowered their target price on shares of CCL Industries from C$96.00 to C$88.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Scotiabank boosted their price objective on CCL Industries from C$85.00 to C$86.00 in a research note on Friday, February 21st. Finally, TD Securities dropped their price objective on CCL Industries from C$94.00 to C$90.00 and set a "buy" rating on the stock in a report on Thursday, April 17th.

CCL Industries Stock Performance

CCL Industries has a 1-year low of C$64.93 and a 1-year high of C$84.70. The company has a debt-to-equity ratio of 48.08, a current ratio of 1.96 and a quick ratio of 1.31. The business has a 50 day moving average of C$70.38 and a 200 day moving average of C$73.85. The company has a market cap of C$11.86 billion, a PE ratio of 18.88, a PEG ratio of 0.26 and a beta of 0.57.

Insiders Place Their Bets

In other news, Director Tom Peddie sold 400 shares of the firm's stock in a transaction dated Friday, March 28th. The stock was sold at an average price of C$69.85, for a total value of C$27,940.00. Following the transaction, the director now owns 100 shares of the company's stock, valued at C$6,985. This trade represents a 80.00 % decrease in their ownership of the stock. Also, insider CCL Industries Inc. acquired 67,024 shares of the business's stock in a transaction that occurred on Monday, March 17th. The shares were bought at an average price of C$71.66 per share, with a total value of C$4,803,114.10. In the last quarter, insiders acquired 169,402 shares of company stock valued at $12,293,509 and sold 8,427 shares valued at $609,884. Corporate insiders own 11.22% of the company's stock.

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.