CCL Industries Inc. (TSE:CCL.B – Get Rating) received an average “Buy” recommendation from the nine research companies that currently cover the business, Marketbeat.com reports. Five investment analysts gave the stock a buy rating. The 1-year average price target among brokerages that have issued quotes on the stock in the past year is C$76.44.
A number of analysts have recently released reports on CCL.B shares. Royal Bank of Canada lowered its target price on CCL Industries shares from C$80.00 to C$74.00 and set an “outperform” rating for the company in a Friday, May 13 research note. Scotiabank lowered its target price on CCL Industries shares from C$79.00 to C$78.00 in a Friday, May 13 research note. CIBC lowered its target price on CCL Industries shares from C$78.00 to C$71.00 in a Thursday, April 21 research note. National Bankshares set a target price of CA$79.00 on CCL Industries shares and gave the company an “outperform” rating in a Wednesday, June 1 research note. Finally, BMO Capital Markets lowered its price target on CCL Industries shares from C$80.00 to C$79.00 in a Friday, May 13 research note.
In other news, insider CCL Industries Inc. bought 72,469 shares of the company in a trade on Monday, May 16. The shares were acquired at an average cost of CA$59.91 per share, with a total value of CA$4,341,262.69. Following completion of the transaction, the insider now owns 72,469 shares of the company, valued at approximately C$4,341,262.69. Additionally, director Gunther Johann Birkner sold 10,000 shares in a trade dated Wednesday, May 18. The shares were sold at an average price of CA$62.03, for a total transaction of CA$620,265.00. Following the sale, the director now directly owns 87,615 shares of the company, valued at CA$5,434,451.80.
CCL.B stock opened at C$60.84 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.83 and a debt ratio of 55.41. CCL Industries has a 12-month low of C$53.36 and a 12-month high of C$75.19. The stock has a market cap of C$10.87 billion and a price-to-earnings ratio of 18.27. The company’s fifty-day simple moving average is C$58.91 and its two-hundred-day simple moving average is C$60.86.
About CCL Industries (Get an evaluation)
CCL Industries Inc manufactures and sells labels, containers, consumer printable media products, technology-driven label solutions, polymer banknote 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, educational, functional and safety applications in the consumer packaging, healthcare, chemical, consumer electronics and consumer electronics markets. of the automobile.
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