Brokerages Set CCL Industries Inc. (TSE:CCL.B) PT at C$89.25

CCL Industries Inc. (TSE:CCL.B) has received an average recommendation of “Buy” from the six brokerages that are currently covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a buy recommendation. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$89.25.

Several analysts have commented on the stock. BMO Capital Markets lifted their price objective on shares of CCL Industries from C$90.00 to C$91.00 in a research report on Friday, May 9th. CIBC decreased their price target on shares of CCL Industries from C$96.00 to C$88.00 and set an “outperform” rating for the company in a research note on Tuesday, April 22nd. Finally, TD Securities upped their price objective on CCL Industries from C$90.00 to C$95.00 and gave the company a “buy” rating in a research note on Friday, May 9th.

CCL Industries Price Performance

Shares of TSE:CCL.B opened at C$81.48 on Friday. The company has a market capitalization of C$13.61 billion, a P/E ratio of 21.67, a price-to-earnings-growth ratio of 0.26 and a beta of 0.57. The company’s 50-day moving average is C$78.78 and its 200 day moving average is C$73.84. The company has a debt-to-equity ratio of 48.08, a quick ratio of 1.31 and a current ratio of 1.96. CCL Industries has a fifty-two week low of C$64.93 and a fifty-two week high of C$84.70.

Insider Buying and Selling at CCL Industries

In other news, Director Ben Yaacob Lilienthal sold 24,200 shares of CCL Industries stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of C$78.50, for a total value of C$1,899,700.00. Also, insider Stuart W. Lang sold 38,016 shares of the business’s stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of C$75.69, for a total value of C$2,877,431.04. Over the last 90 days, insiders have sold 113,200 shares of company stock valued at $8,795,654. 11.22% of the stock is owned by corporate insiders.

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.