Shares of CCL Industries Inc. (TSE:CCL.B – Get Free Report) have earned an average rating of “Buy” from the eight research firms that are covering the company, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a buy rating. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$82.00.
Several analysts recently issued reports on the stock. Scotiabank upped their price objective on shares of CCL Industries from C$79.00 to C$80.00 in a research note on Friday, May 10th. Stifel Nicolaus upped their price objective on shares of CCL Industries from C$79.00 to C$83.00 in a research note on Friday, May 10th. Royal Bank of Canada upped their price objective on shares of CCL Industries from C$81.00 to C$83.00 in a research note on Friday, May 10th. Raymond James boosted their target price on shares of CCL Industries from C$80.00 to C$84.00 and gave the company an “outperform” rating in a report on Tuesday, June 11th. Finally, BMO Capital Markets boosted their target price on shares of CCL Industries from C$81.00 to C$83.00 in a report on Friday, May 10th.
View Our Latest Stock Analysis on CCL Industries
CCL Industries Stock Down 1.8 %
Insiders Place Their Bets
In other CCL Industries news, Director Gunther Johann Birkner sold 20,000 shares of the stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of C$71.69, for a total transaction of C$1,433,800.00. In other CCL Industries news, Senior Officer James Andrew Sellors sold 30,000 shares of the stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of C$71.35, for a total value of C$2,140,461.00. Also, Director Gunther Johann Birkner sold 20,000 shares of the stock in a transaction on Thursday, June 6th. The shares were sold at an average price of C$71.69, for a total transaction of C$1,433,800.00. Insiders have sold a total of 52,375 shares of company stock worth $3,743,694 in the last ninety days. 11.13% of the stock is owned by corporate insiders.
About CCL Industries
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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