CCL Industries Inc. (TSE:CCL.B) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts give CCL Industries a “Moderate Buy” consensus: Six of seven analysts rate the stock a buy, while one recommends holding it. The average 12-month price target is C$106.60.
• Several brokerages recently raised their price targets, including TD to C$115, BMO Capital Markets to C$110, and RBC to C$107, with the firms maintaining positive ratings.
• CCL.B opened at C$95.09, near its 52-week high of C$98.59, and has a market capitalization of approximately C$16.08 billion.

CCL Industries Inc. (TSE:CCL.B - Get Free Report) has been given an average recommendation of "Moderate Buy" by the seven ratings firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$106.60.

Several brokerages recently issued reports on CCL.B. Royal Bank Of Canada boosted their target price on shares of CCL Industries from C$100.00 to C$107.00 and gave the company an "outperform" rating in a research report on Friday, August 14th. ATB Cormark Capital Markets increased their price target on shares of CCL Industries from C$102.00 to C$104.00 and gave the stock an "outperform" rating in a research report on Friday, August 14th. Raymond James Financial lifted their price target on shares of CCL Industries from C$100.00 to C$105.00 and gave the stock an "outperform" rating in a research note on Friday, August 14th. TD lifted their price target on shares of CCL Industries from C$110.00 to C$115.00 and gave the stock a "buy" rating in a research note on Friday, August 14th. Finally, BMO Capital Markets boosted their price objective on shares of CCL Industries from C$103.00 to C$110.00 in a research report on Friday, August 14th.

CCL Industries Price Performance

TSE CCL.B opened at C$95.09 on Friday. The company has a 50-day moving average price of C$91.65 and a 200-day moving average price of C$88.41. CCL Industries has a 52 week low of C$74.69 and a 52 week high of C$98.59. The company has a quick ratio of 1.31, a current ratio of 1.96 and a debt-to-equity ratio of 48.08. The firm has a market capitalization of C$16.08 billion, a P/E ratio of 20.36, a PEG ratio of 0.26 and a beta of 0.95.

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. The Avery segment sells software, labels, tags, dividers, badges, and specialty card products under the Avery brand. The Checkpoint segment includes the manufacturing and selling of technology-driven, inventory management and labeling solutions.

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