Brokerages Set CCL Industries Inc. (TSE:CCL.B) Target Price at C$90.38

CCL Industries Inc. (TSE:CCL.B) has been given a consensus rating of “Buy” by the six brokerages that are covering the company, MarketBeat reports. Six investment analysts have rated the stock with a buy rating. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$90.38.

A number of brokerages recently issued reports on CCL.B. TD Securities lowered their price target on CCL Industries from C$98.00 to C$94.00 in a research report on Friday, November 15th. BMO Capital Markets increased their price objective on shares of CCL Industries from C$90.00 to C$93.00 in a research report on Friday, November 15th. Stifel Nicolaus boosted their target price on CCL Industries from C$85.00 to C$90.00 in a research report on Monday, November 18th. Scotiabank increased their price target on CCL Industries from C$85.00 to C$86.00 in a report on Friday, February 21st. Finally, Royal Bank of Canada dropped their price objective on CCL Industries from C$92.00 to C$90.00 in a report on Friday, November 15th.

Insider Activity

In related news, insider CCL Industries Inc. acquired 67,024 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The shares were bought at an average price of C$73.98 per share, with a total value of C$4,958,609.78. Also, Director Mark Cooper sold 5,556 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of C$71.94, for a total transaction of C$399,707.53. Insiders own 11.22% of the company’s stock.

CCL Industries Price Performance

TSE:CCL.B opened at C$71.35 on Monday. The firm has a market capitalization of C$11.92 billion, a price-to-earnings ratio of 18.98, a PEG ratio of 0.26 and a beta of 0.57. The company has a debt-to-equity ratio of 48.08, a current ratio of 1.96 and a quick ratio of 1.31. The business has a 50 day simple moving average of C$72.25 and a 200-day simple moving average of C$76.49. CCL Industries has a 1 year low of C$66.96 and a 1 year high of C$84.70.

CCL Industries Company Profile

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.