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

Key Points

• CCL Industries has a “Moderate Buy” consensus rating from six analysts, with five buys and one hold. The average 12-month price target is C$101.80.
• Several brokerages raised their price targets, including TD to C$110, Stifel to C$105, National Bank to C$104, ATB Cormark to C$102, and RBC to C$100, all maintaining positive ratings.
• CCL.B opened at C$94.63 and trades near its 52-week high of C$95.00, with a market capitalization of approximately C$16.26 billion and a price-to-earnings ratio of 20.71.

CCL Industries Inc. (TSE:CCL.B - Get Free Report) has received an average recommendation of "Moderate Buy" from the six research firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is C$101.80.

CCL.B has been the topic of several analyst reports. Royal Bank Of Canada raised their target price on shares of CCL Industries from C$99.00 to C$100.00 and gave the company an "outperform" rating in a report on Friday, May 15th. TD boosted their price target on shares of CCL Industries from C$105.00 to C$110.00 and gave the stock a "buy" rating in a report on Friday, May 15th. National Bank Financial raised their price objective on shares of CCL Industries from C$102.00 to C$104.00 and gave the company an "outperform" rating in a report on Friday, May 15th. Stifel Nicolaus lifted their price objective on shares of CCL Industries from C$103.00 to C$105.00 and gave the stock a "buy" rating in a research report on Friday, May 15th. Finally, ATB Cormark Capital Markets boosted their target price on shares of CCL Industries from C$101.00 to C$102.00 and gave the stock an "outperform" rating in a research note on Friday, May 15th.

CCL Industries Stock Performance

Shares of CCL.B opened at C$94.63 on Wednesday. CCL Industries has a 1 year low of C$74.69 and a 1 year high of C$95.00. The stock has a market capitalization of C$16.26 billion, a PE ratio of 20.71, a PEG ratio of 0.26 and a beta of 0.93. 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 stock has a 50-day simple moving average of C$88.72 and a 200-day simple moving average of C$87.42.

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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