Shares of CCL Industries Inc. (TSE:CCL.B - Get Free Report) have been given an average rating of "Buy" by the six ratings firms that are covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokers that have issued a report on the stock in the last year is C$90.38.
A number of brokerages have commented on CCL.B. Scotiabank upped their price objective on shares of CCL Industries from C$85.00 to C$86.00 in a research report on Friday, February 21st. CIBC cut their price target on shares of CCL Industries from C$97.00 to C$96.00 and set an "outperform" rating for the company in a report on Tuesday, February 25th.
View Our Latest Report on CCL.B
Insider Activity at CCL Industries
In related news, insider CCL Industries Inc. bought 67,024 shares of CCL Industries stock in a transaction that occurred on Friday, February 28th. The shares were purchased at an average price of C$73.98 per share, with a total value of C$4,958,609.78. Also, Director Scott Mitchell-Harris sold 2,141 shares of the firm's stock in a transaction on Monday, March 10th. The stock was sold at an average price of C$73.98, for a total value of C$158,391.18. Insiders sold 8,427 shares of company stock valued at $609,884 in the last ninety days. Corporate insiders own 11.22% of the company's stock.
CCL Industries Stock Down 0.4 %
TSE CCL.B traded down C$0.30 during trading on Friday, reaching C$67.04. 185,062 shares of the company's stock were exchanged, compared to its average volume of 330,873. CCL Industries has a 1 year low of C$65.36 and a 1 year high of C$84.70. The stock has a market cap of C$11.20 billion, a P/E ratio of 17.83, a price-to-earnings-growth 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 company has a 50 day moving average price of C$71.46 and a two-hundred day moving average price of C$75.65.
About CCL Industries
(
Get Free ReportCCL 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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