CCL Industries Inc. (TSE:CCL.B) Receives Consensus Recommendation of “Buy” from Analysts

Shares of CCL Industries Inc. (TSE:CCL.B) have been assigned a consensus recommendation of “Buy” from the six research firms that are currently covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a buy rating. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$90.38.

Several analysts recently commented on CCL.B shares. CIBC reduced their price target on shares of CCL Industries from C$97.00 to C$96.00 and set an “outperform” rating for the company in a research report on Tuesday, February 25th. Scotiabank lifted their price objective on shares of CCL Industries from C$85.00 to C$86.00 in a research note on Friday, February 21st.

Insider Buying and Selling at CCL Industries

In other CCL Industries 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 purchased 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 stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of C$71.94, for a total value of C$399,707.53. In the last three months, insiders have sold 8,427 shares of company stock valued at $609,884. 11.22% of the stock is owned by company insiders.

CCL Industries Price Performance

Shares of TSE CCL.B opened at C$65.76 on Friday. The stock has a market cap of C$10.99 billion, a P/E ratio of 17.49, a P/E/G ratio of 0.26 and a beta of 0.57. CCL Industries has a twelve month low of C$65.02 and a twelve month high of C$84.70. The stock has a 50 day moving average of C$71.15 and a two-hundred day moving average of C$75.44. The company has a current ratio of 1.96, a quick ratio of 1.31 and a debt-to-equity ratio of 48.08.

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.