Brokerages Set CCL Industries Inc. (TSE:CCL.B) PT at C$78.90

CCL Industries Inc. (TSE:CCL.B) has received an average recommendation of “Buy” from the nine ratings firms that are presently covering the company, Marketbeat.com reports. Nine research analysts have rated the stock with a buy rating. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$78.90.

CCL.B has been the topic of a number of research reports. BMO Capital Markets upped their target price on CCL Industries from C$76.00 to C$81.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. National Bankshares upped their target price on CCL Industries from C$79.00 to C$81.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. CIBC upped their target price on CCL Industries from C$82.00 to C$83.00 in a report on Thursday, April 11th. Scotiabank upped their target price on CCL Industries from C$72.00 to C$79.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Finally, 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 report on Monday, February 26th.

Insiders Place Their Bets

In other CCL Industries news, 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 transaction of C$48,653.50. In other CCL Industries news, Director Mark Cooper sold 24,543 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of C$70.14, for a total transaction of C$1,721,482.83. Also, Director Derek Cumming sold 700 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of C$69.51, for a total value of C$48,653.50. Insiders sold 293,799 shares of company stock valued at $21,357,228 over the last 90 days. 10.03% of the stock is currently owned by company insiders.

CCL Industries Price Performance

Shares of CCL.B opened at C$70.58 on Friday. The company has a market capitalization of C$11.71 billion, a price-to-earnings ratio of 23.93, a P/E/G ratio of 0.26 and a beta of 0.55. CCL Industries has a fifty-two week low of C$52.82 and a fifty-two week high of C$74.49. The company has a debt-to-equity ratio of 49.37, a current ratio of 1.89 and a quick ratio of 1.31. The business’s 50-day moving average is C$68.20 and its 200-day moving average is C$61.10.

CCL Industries Company Profile

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.