CCL Industries Inc. (TSE:CCL.B) Given Consensus Recommendation of "Buy" by Brokerages

Shares of CCL Industries Inc. (TSE:CCL.B - Get Free Report) have been assigned an average rating of "Buy" from the six brokerages that are presently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a buy recommendation. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$89.25.

A number of brokerages have recently commented on CCL.B. BMO Capital Markets upped their price target on CCL Industries from C$90.00 to C$91.00 in a report on Friday, May 9th. TD Securities increased their price target on shares of CCL Industries from C$90.00 to C$95.00 and gave the company a "buy" rating in a report on Friday, May 9th. Finally, CIBC decreased their price target on shares of CCL Industries from C$96.00 to C$88.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd.

CCL Industries Stock Performance

TSE:CCL.B traded up C$1.16 during mid-day trading on Friday, hitting C$79.91. 159,930 shares of the company's stock traded hands, compared to its average volume of 304,905. The firm has a market capitalization of C$13.35 billion, a price-to-earnings ratio of 21.25, a price-to-earnings-growth ratio of 0.26 and a beta of 0.57. The firm has a 50 day moving average of C$78.54 and a two-hundred day moving average of C$73.75. The company has a current ratio of 1.96, a quick ratio of 1.31 and a debt-to-equity ratio of 48.08. CCL Industries has a 12 month low of C$64.93 and a 12 month high of C$84.70.

Insider Buying and Selling at CCL Industries

In other news, Director Gunther Johann Birkner sold 10,000 shares of the stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of C$79.00, for a total value of C$790,000.00. Also, insider Stuart W. Lang sold 38,016 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of C$75.69, for a total value of C$2,877,431.04. Insiders have sold 113,200 shares of company stock worth $8,795,654 over the last three months. 11.22% of the stock is currently owned by corporate insiders.

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.