CCL Industries Inc. (TSE:CCL.B) Receives Average Rating of "Buy" from Brokerages

Key Points

• CCL Industries Inc. has received a consensus rating of "Buy" from six brokerages, with an average twelve-month target price of C$89.25.
• Recent reports from TD Securities and BMO Capital Markets have raised their price targets on CCL Industries, with TD Securities increasing it to C$95.00.
• Insiders have sold a total of 113,200 shares of the company's stock over the last 90 days, amounting to approximately $8.8 million in transactions.

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

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

CCL Industries Stock Performance

TSE CCL.B traded up C$0.38 during trading on Thursday, reaching C$78.51. 139,698 shares of the company's stock were exchanged, compared to its average volume of 292,354. 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 price of C$78.71 and a 200-day moving average price of C$74.47. The stock has a market capitalization of C$13.12 billion, a P/E ratio of 20.88, a PEG ratio of 0.26 and a beta of 0.57. CCL Industries has a fifty-two week low of C$64.93 and a fifty-two week high of C$84.70.

Insider Buying and Selling at CCL Industries

In other news, insider Stuart W. Lang sold 38,016 shares of the stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of C$75.69, for a total transaction of C$2,877,431.04. Also, Director Ben Yaacob Lilienthal sold 24,200 shares of the business's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of C$78.50, for a total value of C$1,899,700.00. Over the last 90 days, insiders sold 98,200 shares of company stock worth $7,640,654. 11.22% of the stock is currently owned by company 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.