CCL Industries Inc. (TSE:CCL.B - Get Free Report) has earned a consensus recommendation of "Buy" from the six analysts that are currently covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation. The average twelve-month target price among analysts that have covered the stock in the last year is C$89.25.
A number of research analysts have recently issued reports on CCL.B shares. CIBC dropped 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 note on Tuesday, April 22nd. BMO Capital Markets boosted their target price on CCL Industries from C$90.00 to C$91.00 in a research report on Friday, May 9th. Finally, TD Securities increased their target price on CCL Industries from C$90.00 to C$95.00 and gave the stock a "buy" rating in a research note on Friday, May 9th.
Get Our Latest Report on CCL Industries
CCL Industries Stock Performance
CCL Industries stock traded up C$0.38 during trading hours on Thursday, reaching C$78.51. 139,698 shares of the stock were exchanged, compared to its average volume of 292,354. CCL Industries has a 52-week low of C$64.93 and a 52-week high of C$84.70. The stock has a market cap of C$13.12 billion, a P/E ratio of 20.88, a P/E/G ratio of 0.26 and a beta of 0.57. 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 firm's 50 day moving average is C$78.71 and its 200 day moving average is C$74.48.
Insider Activity at CCL Industries
In other CCL Industries news, insider Stuart W. Lang sold 38,016 shares of the business's 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 firm's stock in a transaction on 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. In the last ninety days, insiders sold 98,200 shares of company stock valued at $7,640,654. 11.22% of the stock is currently owned by corporate insiders.
CCL Industries Company Profile
(
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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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