CCL Industries Inc. (TSE:CCL.B) Receives C$90.25 Average Target Price from Analysts

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

A number of research firms recently issued reports on CCL.B. TD Securities cut their price target on CCL Industries from C$98.00 to C$94.00 in a report on Friday, November 15th. BMO Capital Markets boosted their target price on shares of CCL Industries from C$90.00 to C$93.00 in a research note on Friday, November 15th. Stifel Nicolaus increased their price target on shares of CCL Industries from C$85.00 to C$90.00 in a research note on Monday, November 18th. Royal Bank of Canada dropped their price objective on shares of CCL Industries from C$92.00 to C$90.00 in a research report on Friday, November 15th. Finally, CIBC upped their price objective on CCL Industries from C$96.00 to C$97.00 in a report on Wednesday, January 15th.

Insiders Place Their Bets

In related news, insider CCL Industries Inc. purchased 67,024 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was bought at an average cost of C$78.37 per share, with a total value of C$5,252,845.14. Also, Director Derek Cumming sold 3,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of C$78.25, for a total transaction of C$273,889.70. In the last 90 days, insiders acquired 201,072 shares of company stock valued at $15,572,229. Company insiders own 11.22% of the company’s stock.

CCL Industries Trading Up 1.4 %

Shares of CCL.B opened at C$75.32 on Friday. The stock has a fifty day moving average price of C$74.84 and a two-hundred day moving average price of C$76.60. The company has a debt-to-equity ratio of 48.08, a quick ratio of 1.31 and a current ratio of 1.96. The company has a market cap of C$12.58 billion, a price-to-earnings ratio of 20.03, a PEG ratio of 0.26 and a beta of 0.57. CCL Industries has a 52-week low of C$55.34 and a 52-week 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.