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

CCL Industries Inc. (TSE:CCL.B) has been assigned a consensus recommendation of “Buy” from the eight ratings firms that are presently covering the company, MarketBeat reports. Eight equities research analysts have rated the stock with a buy recommendation. The average 12-month price target among brokerages that have covered the stock in the last year is C$90.25.

CCL.B has been the topic of a number of research analyst reports. TD Securities dropped their price target on CCL Industries from C$98.00 to C$94.00 in a research note on Friday, November 15th. CIBC increased their price target on CCL Industries from C$96.00 to C$97.00 in a research note on Wednesday, January 15th. BMO Capital Markets increased their price target on 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 CCL Industries from C$85.00 to C$90.00 in a research note on Monday, November 18th. Finally, Royal Bank of Canada dropped their price target on CCL Industries from C$92.00 to C$90.00 in a research note on Friday, November 15th.

Insider Buying and Selling at CCL Industries

In other news, Senior Officer James Andrew Sellors sold 10,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of C$77.50, for a total transaction of C$775,000.00. Also, insider CCL Industries Inc. acquired 67,024 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were bought at an average price of C$78.37 per share, with a total value of C$5,252,845.14. Over the last three months, insiders bought 201,072 shares of company stock worth $15,572,229. 11.22% of the stock is currently owned by insiders.

CCL Industries Trading Down 1.2 %

TSE:CCL.B opened at C$69.91 on Thursday. CCL Industries has a one year low of C$57.58 and a one year high of C$84.70. The firm has a market cap of C$11.68 billion, a P/E ratio of 18.59, a P/E/G ratio of 0.26 and a beta of 0.57. 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 firm has a 50-day simple moving average of C$72.86 and a 200-day simple moving average of C$76.61.

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.