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

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

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

Insider Activity at CCL Industries

In related news, Director Mark Cooper sold 5,556 shares of the business's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of C$71.94, for a total transaction of C$399,707.53. Also, insider Stuart W. Lang sold 38,016 shares of the firm's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of C$75.69, for a total value of C$2,877,431.04. In the last quarter, insiders purchased 169,402 shares of company stock worth $12,293,509 and sold 87,427 shares worth $6,715,838. 11.22% of the stock is owned by insiders.

CCL Industries Stock Performance

Shares of TSE:CCL.B traded up C$1.49 during trading on Friday, hitting C$80.06. The stock had a trading volume of 307,864 shares, compared to its average volume of 321,062. CCL Industries has a 12-month low of C$64.93 and a 12-month high of C$84.70. The stock has a market capitalization of C$13.37 billion, a price-to-earnings ratio of 21.29, a price-to-earnings-growth ratio of 0.26 and a beta of 0.57. 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 stock has a 50-day simple moving average of C$71.72 and a two-hundred day simple moving average of C$73.19.

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.