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

Shares of CCL Industries Inc. (TSE:CCL.B) have received a consensus recommendation of “Buy” from the six analysts that are currently covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a buy recommendation. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$90.38.

CCL.B has been the topic of a number of recent analyst reports. CIBC lowered their price target on shares of CCL Industries from C$97.00 to C$96.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 25th. Scotiabank upped their target price on shares of CCL Industries from C$85.00 to C$86.00 in a research report on Friday, February 21st.

Insiders Place Their Bets

In other CCL Industries news, Director Tom Peddie sold 400 shares of the firm’s stock in a transaction dated Friday, March 28th. The shares were sold at an average price of C$69.85, for a total transaction of C$27,940.00. Following the sale, the director now directly owns 100 shares of the company’s stock, valued at C$6,985. This trade represents a 80.00 % decrease in their position. Also, Director Scott Mitchell-Harris sold 2,141 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of C$73.98, for a total transaction of C$158,391.18. Over the last quarter, insiders sold 8,427 shares of company stock worth $609,884. Insiders own 11.22% of the company’s stock.

CCL Industries Stock Down 3.8 %

CCL Industries stock opened at C$67.61 on Friday. The stock has a market cap of C$11.29 billion, a PE ratio of 17.98, a P/E/G ratio of 0.26 and a beta of 0.57. CCL Industries has a 1-year low of C$67.04 and a 1-year high of C$84.70. 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 stock’s fifty day moving average is C$71.60 and its two-hundred day moving average is C$75.70.

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.