CCL Industries Inc. (TSE:CCL.B) Given Average Rating of “Buy” by Brokerages

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

Several equities research analysts have issued reports on CCL.B shares. Stifel Nicolaus boosted their price objective on shares of CCL Industries from C$85.00 to C$90.00 in a research note on Monday, November 18th. CIBC decreased their price objective on shares of CCL Industries from C$97.00 to C$96.00 and set an “outperform” rating for the company in a research note on Tuesday, February 25th. Finally, Scotiabank boosted their price objective on shares of CCL Industries from C$85.00 to C$86.00 in a research note on Friday, February 21st.

CCL Industries Price Performance

CCL.B opened at C$71.72 on Monday. The company has a quick ratio of 1.31, a current ratio of 1.96 and a debt-to-equity ratio of 48.08. CCL Industries has a 52-week low of C$66.96 and a 52-week high of C$84.70. The company has a 50 day moving average of C$72.16 and a two-hundred day moving average of C$76.41. The company has a market cap of C$11.98 billion, a P/E ratio of 19.07, a P/E/G ratio of 0.26 and a beta of 0.57.

Insider Transactions at CCL Industries

In related news, insider CCL Industries Inc. purchased 67,024 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The shares were purchased at an average cost of C$73.98 per share, with a total value of C$4,958,609.78. Also, Director Scott Mitchell-Harris sold 2,141 shares of the company’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of C$73.98, for a total transaction of C$158,391.18. Over the last three months, insiders have sold 7,947 shares of company stock valued at $576,228. Corporate insiders own 11.22% of the company’s stock.

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.