CCL Industries Inc. (TSE:CCL.B) Receives Consensus Recommendation of “Buy” from Analysts
CCL Industries Inc. (TSE:CCL.B) has been given an average recommendation of “Buy” by the seven ratings firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$233.67.
A number of analysts have recently issued reports on CCL.B shares. Scotiabank restated an “outperform” rating and issued a C$310.00 target price on shares of CCL Industries in a report on Friday, March 17th. BMO Capital Markets increased their price objective on CCL Industries from C$330.00 to C$335.00 and gave the stock an “outperform” rating in a report on Thursday, April 20th. CIBC increased their target price on shares of CCL Industries from C$320.00 to C$340.00 in a research report on Wednesday, May 10th. TD Securities downgraded shares of CCL Industries from a “buy” rating to a “hold” rating and set a C$330.00 target price on the stock. in a research report on Wednesday, May 10th. Finally, KeyCorp downgraded shares of CCL Industries from an “overweighr” rating to a “sector weight” rating in a research report on Thursday, July 6th.
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About CCL Industries
CCL Industries Inc is involved in manufacture of labels, containers, consumer printable media products and inventory management and loss prevention solutions. It operates through four segments: Label, Avery, Checkpoint and Container. The Label segment includes production of pressure sensitive and extruded film materials for a range of decorative, instructional and functional applications for customers in the consumer packaging, healthcare, automotive and consumer durables markets.
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