CCL Industries Inc. (TSE:CCL.B - Get Free Report) has been assigned a consensus recommendation of "Buy" from the nine brokerages that are currently covering the company, Marketbeat reports. Nine investment analysts have rated the stock with a buy rating. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$86.11.
Several research analysts have weighed in on the stock. National Bankshares raised their price objective on shares of CCL Industries from C$84.00 to C$87.00 and gave the stock an "outperform" rating in a report on Monday, August 12th. CIBC raised their price objective on shares of CCL Industries from C$86.00 to C$88.00 and gave the stock an "outperform" rating in a report on Wednesday, August 14th. BMO Capital Markets raised their price objective on shares of CCL Industries from C$84.00 to C$90.00 in a report on Thursday, September 12th. Scotiabank raised their price objective on shares of CCL Industries from C$80.00 to C$84.00 and gave the stock an "outperform" rating in a report on Monday, August 12th. Finally, TD Securities raised their price objective on shares of CCL Industries from C$92.00 to C$98.00 and gave the stock a "buy" rating in a report on Thursday, October 17th.
Read Our Latest Research Report on CCL.B
CCL Industries stock opened at C$81.29 on Tuesday. CCL Industries has a 12-month low of C$52.82 and a 12-month high of C$84.70. The company has a market capitalization of C$13.58 billion, a price-to-earnings ratio of 21.62, a price-to-earnings-growth ratio of 0.26 and a beta of 0.57. The company has a debt-to-equity ratio of 48.08, a current ratio of 1.96 and a quick ratio of 1.31. The firm's fifty day moving average price is C$80.47 and its 200 day moving average price is C$74.83.
In other CCL Industries news, Director Tom Peddie sold 4,000 shares of the business's stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of C$73.75, for a total transaction of C$295,000.00. Following the sale, the director now directly owns 500 shares in the company, valued at approximately C$36,875. The trade was a 0.00 % decrease in their position. In related news, Director Tom Peddie sold 4,000 shares of the business's stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of C$73.75, for a total value of C$295,000.00. Following the sale, the director now directly owns 500 shares in the company, valued at C$36,875. The trade was a 0.00 % decrease in their position. Also, insider CCL Industries Inc. bought 1,609 shares of the company's stock in a transaction that occurred on Wednesday, September 18th. The stock was acquired at an average price of C$80.70 per share, for a total transaction of C$129,847.27. In the last three months, insiders have sold 121,781 shares of company stock worth $9,405,624. 11.22% of the stock is owned by corporate insiders.
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.
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