CCL Industries Inc. (TSE:CCL.B) Receives C$89.25 Consensus Price Target from Brokerages

CCL Industries Inc. (TSE:CCL.B - Get Free Report) has received a consensus rating of "Buy" from the six brokerages that are covering the firm, Marketbeat reports. Six analysts have rated the stock with a buy rating. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$89.25.

A number of brokerages have issued reports on CCL.B. Scotiabank boosted their price target on shares of CCL Industries from C$85.00 to C$86.00 in a research note on Friday, February 21st. CIBC dropped their target price on shares of CCL Industries from C$96.00 to C$88.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. TD Securities boosted 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 note on Friday, May 9th. Finally, BMO Capital Markets upped their target price on shares of CCL Industries from C$90.00 to C$91.00 in a research report on Friday, May 9th.

Insider Activity

In other CCL Industries news, Director Gunther Johann Birkner sold 15,000 shares of the business's stock in a transaction on Friday, May 9th. The stock was sold at an average price of C$77.00, for a total value of C$1,155,000.00. Also, insider CCL Industries Inc. purchased 67,024 shares of the firm's stock in a transaction dated Friday, February 28th. The shares were bought at an average price of C$73.98 per share, for a total transaction of C$4,958,609.78. Over the last 90 days, insiders have bought 169,402 shares of company stock valued at $12,293,509 and have sold 87,427 shares valued at $6,715,838. 11.22% of the stock is currently owned by insiders.

CCL Industries Price Performance

Shares of CCL Industries stock traded up C$0.03 during mid-day trading on Friday, reaching C$80.09. 104,007 shares of the stock traded hands, compared to its average volume of 318,733. The company has a quick ratio of 1.31, a current ratio of 1.96 and a debt-to-equity ratio of 48.08. The business has a 50-day moving average of C$71.88 and a 200 day moving average of C$73.17. The stock has a market capitalization of C$13.38 billion, a PE ratio of 21.30, 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.

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.