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CCL Industries Inc. (TSE:CCL.B) Receives Average Recommendation of "Buy" from Analysts

Saturday, May 14, 2022 | MarketBeat

Shares of CCL Industries Inc. (TSE:CCL.B - Get Rating) have received an average recommendation of "Buy" from the eight ratings firms that are currently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$76.13.

A number of equities analysts have recently weighed in on CCL.B shares. BMO Capital Markets dropped their target price on CCL Industries from C$80.00 to C$79.00 in a report on Friday. CIBC dropped their price objective on shares of CCL Industries from C$78.00 to C$71.00 in a research note on Thursday, April 21st. Raymond James decreased their target price on shares of CCL Industries from C$81.00 to C$79.00 and set an "outperform" rating for the company in a research note on Monday, February 28th. Scotiabank dropped their price target on shares of CCL Industries from C$79.00 to C$78.00 in a research note on Friday. Finally, Royal Bank of Canada cut their price objective on CCL Industries from C$80.00 to C$74.00 and set an "outperform" rating for the company in a report on Friday.

CCL.B stock traded up C$3.38 during mid-day trading on Friday, reaching C$60.13. 326,135 shares of the stock traded hands, compared to its average volume of 294,518. CCL Industries has a 52-week low of C$53.36 and a 52-week high of C$75.19. The stock's fifty day moving average is C$56.95 and its 200-day moving average is C$62.43. The company has a market cap of C$10.84 billion and a P/E ratio of 18.22. The company has a current ratio of 1.73, a quick ratio of 1.22 and a debt-to-equity ratio of 49.41.


In related news, Director Douglas W. Muzyka acquired 1,000 shares of the company's stock in a transaction on Monday, February 28th. The stock was purchased at an average cost of C$57.38 per share, for a total transaction of C$57,380.00. Following the completion of the purchase, the director now directly owns 1,200 shares of the company's stock, valued at approximately C$68,856. Also, Senior Officer Lalitha Vaidyanathan sold 4,262 shares of CCL Industries stock in a transaction on Wednesday, March 2nd. The shares were sold at an average price of C$57.66, for a total value of C$245,742.66. Following the transaction, the insider now directly owns 112,649 shares of the company's stock, valued at C$6,495,228.69.

About CCL Industries (Get Rating)

CCL Industries Inc manufactures and sells labels, containers, consumer printable media products, technology driven label solutions, polymer bank note substrates, and specialty films. The company operates through four segments: CCL, Avery, Checkpoint, and Innovia. The CCL segment offers pressure sensitive and specialty extruded film materials for decorative, instructional, functional, and security applications in the consumer packaging, healthcare, chemicals, consumer electronic device, and automotive markets.

Further Reading

Analyst Recommendations for CCL Industries (TSE:CCL.B)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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