CCL Industries Inc. (TSE:CCL.B) Receives C$78.90 Average Target Price from Brokerages

CCL Industries Inc. (TSE:CCL.B - Get Free Report) has been given an average recommendation of "Buy" by the nine analysts that are currently covering the company, MarketBeat reports. Nine equities research analysts have rated the stock with a buy rating. The average twelve-month target price among analysts that have covered the stock in the last year is C$78.90.

CCL.B has been the subject of several recent analyst reports. CIBC lifted their target price on shares of CCL Industries from C$82.00 to C$83.00 in a research note on Thursday, April 11th. Stifel Nicolaus upgraded CCL Industries from a "hold" rating to a "buy" rating and upped their target price for the company from C$65.00 to C$79.00 in a research note on Monday, February 26th. Raymond James raised CCL Industries from a "market perform" rating to an "outperform" rating and raised their price target for the stock from C$74.00 to C$78.00 in a research note on Thursday, March 7th. BMO Capital Markets upped their price objective on shares of CCL Industries from C$76.00 to C$81.00 and gave the company an "outperform" rating in a research note on Friday, February 23rd. Finally, Scotiabank raised their target price on shares of CCL Industries from C$72.00 to C$79.00 and gave the stock an "outperform" rating in a research report on Friday, February 23rd.

Insiders Place Their Bets

In related news, Director Stuart W. Lang sold 175,000 shares of the company's stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of C$73.84, for a total transaction of C$12,921,300.00. In related news, Director Stuart W. Lang sold 175,000 shares of the business's stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of C$73.84, for a total transaction of C$12,921,300.00. Also, Director Derek Cumming sold 700 shares of the company's stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of C$69.51, for a total value of C$48,653.50. Insiders sold a total of 293,799 shares of company stock worth $21,357,228 over the last ninety days. 10.03% of the stock is owned by company insiders.

CCL Industries Trading Down 0.3 %

Shares of TSE CCL.B traded down C$0.24 during midday trading on Friday, reaching C$70.58. 189,449 shares of the stock were exchanged, compared to its average volume of 282,640. The stock has a 50 day moving average price of C$68.20 and a 200-day moving average price of C$61.04. The company has a current ratio of 1.89, a quick ratio of 1.31 and a debt-to-equity ratio of 49.37. The company has a market capitalization of C$11.71 billion, a P/E ratio of 23.93, a P/E/G ratio of 0.26 and a beta of 0.55. CCL Industries has a 52-week low of C$52.82 and a 52-week high of C$74.49.

About CCL Industries

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.