Brokerages Set CCL Industries Inc. (TSE:CCL.B) Price Target at C$89.25

Shares of CCL Industries Inc. (TSE:CCL.B - Get Free Report) have earned a consensus rating of "Buy" from the six ratings firms that are presently covering the company, Marketbeat reports. Six research analysts have rated the stock with a buy rating. The average 1-year target price among brokerages that have covered the stock in the last year is C$89.25.

Several equities analysts recently weighed in on CCL.B shares. TD Securities lifted their price target on CCL Industries from C$90.00 to C$95.00 and gave the company a "buy" rating in a research note on Friday, May 9th. BMO Capital Markets lifted their price objective on CCL Industries from C$90.00 to C$91.00 in a report on Friday, May 9th. CIBC lowered their price objective on CCL Industries from C$96.00 to C$88.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Finally, Scotiabank lifted their price objective on CCL Industries from C$85.00 to C$86.00 in a report on Friday, February 21st.

Insider Activity at CCL Industries

In other news, insider CCL Industries Inc. bought 35,354 shares of the business's stock in a transaction on Tuesday, March 25th. The shares were bought at an average price of C$71.61 per share, with a total value of C$2,531,784.79. Also, insider Stuart W. Lang sold 25,984 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of C$79.80, for a total value of C$2,073,523.20. Over the last three months, insiders have sold 79,400 shares of company stock worth $6,133,894. Insiders own 11.22% of the company's stock.

CCL Industries Stock Performance

Shares of TSE CCL.B traded up C$0.92 during trading on Wednesday, reaching C$77.88. 765,748 shares of the company traded hands, compared to its average volume of 321,355. The firm's fifty day simple moving average is C$75.23 and its 200 day simple moving average is C$73.25. The stock has a market cap of C$13.01 billion, a P/E ratio of 20.71, a PEG ratio of 0.26 and a beta of 0.57. CCL Industries has a 12-month low of C$64.93 and a 12-month high of C$84.70. The company has a current ratio of 1.96, a quick ratio of 1.31 and a debt-to-equity ratio of 48.08.

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.