CCL Industries Inc. (TSE:CCL.B) Given Average Rating of “Buy” by Analysts
CCL Industries Inc. (TSE:CCL.B) has earned an average recommendation of “Buy” from the seven ratings firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$233.67.
Several research firms have recently weighed in on CCL.B. BMO Capital Markets upped their price target on shares of CCL Industries from C$330.00 to C$335.00 and gave the stock an “outperform” rating in a report on Thursday, April 20th. Scotiabank upped their price target on shares of CCL Industries from C$310.00 to C$320.00 and gave the stock an “outperform” rating in a report on Thursday, May 4th. CIBC upped their price target on shares of CCL Industries from C$320.00 to C$340.00 in a report on Wednesday, May 10th. TD Securities cut shares of CCL Industries from a “buy” rating to a “hold” rating and set a C$330.00 price target on the stock. in a report on Wednesday, May 10th. Finally, KeyCorp cut shares of CCL Industries from an “overweighr” rating to a “sector weight” rating in a 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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