CCL Industries Inc. (OTCMKTS:CCDBF) Given Consensus Recommendation of “Buy” by Brokerages

Shares of CCL Industries Inc. (OTCMKTS:CCDBFGet Rating) have received an average recommendation of “Buy” from the seven research firms that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a buy rating. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $76.67.

A number of research firms recently issued reports on CCDBF. TD Securities lowered their price objective on shares of CCL Industries from C$80.00 to C$70.00 in a research report on Tuesday, March 1st. National Bank Financial assumed coverage on shares of CCL Industries in a report on Tuesday. They set an “outperform” rating on the stock. Royal Bank of Canada reduced their target price on shares of CCL Industries from C$80.00 to C$74.00 in a report on Friday, May 13th. BMO Capital Markets reduced their target price on shares of CCL Industries from C$80.00 to C$79.00 in a report on Friday, May 13th. Finally, Raymond James reduced their target price on shares of CCL Industries from C$81.00 to C$79.00 in a report on Monday, February 28th.

CCDBF stock remained flat at $$47.55 during trading on Tuesday. 138 shares of the company were exchanged, compared to its average volume of 605. The business’s fifty day moving average is $45.35 and its 200-day moving average is $48.56. CCL Industries has a twelve month low of $41.61 and a twelve month high of $59.41.

CCL Industries Company Profile (Get Rating)

CCL Industries Inc engages in manufacture and sale of labels, and provides media and software solutions. It operates through four segments: CCL, Avery, Checkpoint, and Innovia. The CCL segment offers pressure sensitive and extruded film materials for decorative, instructional, security, and functional applications in the consumer packaging, healthcare, chemicals, consumer durables, electronic device, and automotive markets.

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Analyst Recommendations for CCL Industries (OTCMKTS:CCDBF)

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