Brokerages Set CCL Industries Inc. (TSE:CCL.B) Target Price at C$85.44

CCL Industries Inc. (TSE:CCL.B) has been assigned an average recommendation of “Buy” from the nine analysts that are currently covering the firm, Marketbeat.com reports. Nine analysts have rated the stock with a buy recommendation. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$86.11.

Several analysts have recently weighed in on CCL.B shares. TD Securities boosted their price objective on shares of CCL Industries from C$92.00 to C$98.00 and gave the stock a “buy” rating in a research report on Thursday. Scotiabank boosted their price target on shares of CCL Industries from C$80.00 to C$84.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. BMO Capital Markets raised their price objective on CCL Industries from C$84.00 to C$90.00 in a report on Thursday, September 12th. CIBC boosted their target price on CCL Industries from C$86.00 to C$88.00 and gave the company an “outperform” rating in a report on Wednesday, August 14th. Finally, Raymond James raised their price target on CCL Industries from C$84.00 to C$87.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th.

CCL Industries Price Performance

CCL.B stock opened at C$84.01 on Friday. The business has a 50 day moving average price of C$78.57 and a 200 day moving average price of C$73.81. The company has a quick ratio of 1.31, a current ratio of 1.96 and a debt-to-equity ratio of 48.08. The stock has a market cap of C$14.03 billion, a price-to-earnings ratio of 22.34, a PEG ratio of 0.26 and a beta of 0.57. CCL Industries has a fifty-two week low of C$52.82 and a fifty-two week high of C$84.46.

Insider Buying and Selling at CCL Industries

In other CCL Industries news, Senior Officer Mark Mcclendon sold 400 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of C$73.47, for a total value of C$29,388.00. In other news, Senior Officer Sean Washchuk sold 657 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of C$82.02, for a total transaction of C$53,887.14. Also, Senior Officer Mark Mcclendon sold 400 shares of CCL Industries stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of C$73.47, for a total value of C$29,388.00. In the last ninety days, insiders have sold 121,781 shares of company stock worth $9,405,624. 11.22% of the stock is currently owned by insiders.

CCL Industries Company Profile

CCL Industries Inc manufactures and sells labels, containers, consumer printable media products, technology driven label solutions, polymer bank note substrates, and specialty films. The company operates through four segments: CCL, Avery, Checkpoint, and Innovia. The CCL segment offers pressure sensitive and specialty extruded film materials for decorative, instructional, functional, and security applications in the consumer packaging, healthcare, chemicals, consumer electronic device, and automotive markets.