CCL Industries Inc. (TSE:CCL.B) Receives C$90.25 Consensus PT from Analysts

Shares of CCL Industries Inc. (TSE:CCL.B) have been assigned a consensus recommendation of “Buy” from the eight analysts that are presently covering the stock, Marketbeat reports. Eight analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$90.25.

CCL.B has been the subject of several recent analyst reports. TD Securities decreased their price objective on shares of CCL Industries from C$98.00 to C$94.00 in a report on Friday, November 15th. Stifel Nicolaus boosted their price objective on CCL Industries from C$85.00 to C$90.00 in a report on Monday, November 18th. Royal Bank of Canada cut their price objective on CCL Industries from C$92.00 to C$90.00 in a research note on Friday, November 15th. BMO Capital Markets lifted their target price on CCL Industries from C$90.00 to C$93.00 in a research report on Friday, November 15th. Finally, CIBC raised their price objective on CCL Industries from C$96.00 to C$97.00 in a research note on Wednesday, January 15th.

Insider Transactions at CCL Industries

In other news, Senior Officer James Andrew Sellors sold 10,000 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of C$77.50, for a total value of C$775,000.00. Also, Director Derek Cumming sold 3,500 shares of CCL Industries stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of C$78.25, for a total transaction of C$273,889.70. Over the last quarter, insiders bought 201,072 shares of company stock worth $15,572,229. Insiders own 11.22% of the company’s stock.

CCL Industries Stock Down 0.8 %

CCL.B stock opened at C$74.75 on Friday. The company has a market capitalization of C$12.49 billion, a P/E ratio of 19.88, a PEG ratio of 0.26 and a beta of 0.57. The firm has a 50 day simple moving average of C$74.64 and a 200-day simple moving average of C$76.68. The company has a current ratio of 1.96, a quick ratio of 1.31 and a debt-to-equity ratio of 48.08. CCL Industries has a twelve month low of C$55.34 and a twelve month high of C$84.70.

About CCL Industries

CCL Industries Inc manufactures and sells packaging and packaging-related products. The company operates through various segments, which include The CCL segment, which generates the majority of revenue, sells pressure sensitive and extruded film materials used for labels on consumer packaging, healthcare, automotive, and consumer durable products.