Brokerages Set CCL Industries Inc. (TSE:CCL.B) Price Target at C$90.25

CCL Industries Inc. (TSE:CCL.B) has earned an average rating of “Buy” from the eight analysts that are covering the firm, Marketbeat reports. Eight investment analysts have rated the stock with a buy rating. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$90.25.

Several research firms recently commented on CCL.B. 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. TD Securities dropped their target price on CCL Industries from C$98.00 to C$94.00 in a research report on Friday, November 15th. BMO Capital Markets boosted their target price on CCL Industries from C$90.00 to C$93.00 in a research report on Friday, November 15th. CIBC boosted their target price on CCL Industries from C$96.00 to C$97.00 in a research report on Wednesday, January 15th. Finally, Royal Bank of Canada dropped their target price on CCL Industries from C$92.00 to C$90.00 in a research report on Friday, November 15th.

Insider Activity at CCL Industries

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

CCL Industries Trading Up 1.8 %

Shares of CCL.B stock opened at C$73.00 on Friday. CCL Industries has a 12-month low of C$55.34 and a 12-month high of C$84.70. The company has a current ratio of 1.96, a quick ratio of 1.31 and a debt-to-equity ratio of 48.08. The stock’s 50-day moving average price is C$75.17 and its 200-day moving average price is C$76.58. The stock has a market capitalization of C$12.20 billion, a price-to-earnings ratio of 19.41, a price-to-earnings-growth ratio of 0.26 and a beta of 0.57.

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.