Analysts Set CCL Industries Inc. (TSE:CCL.B) Price Target at C$88.88

CCL Industries Inc. (TSE:CCL.B) has been given an average rating of “Buy” by the six brokerages that are currently covering the company, Marketbeat.com reports. Six analysts have rated the stock with a buy rating. The average 1-year target price among analysts that have covered the stock in the last year is C$88.88.

Several analysts recently commented on the company. CIBC reduced their target price on CCL Industries from C$96.00 to C$88.00 and set an “outperform” rating on the stock in a report on Tuesday, April 22nd. TD Securities dropped their target price on shares of CCL Industries from C$94.00 to C$90.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. Finally, Scotiabank increased their price target on CCL Industries from C$85.00 to C$86.00 in a report on Friday, February 21st.

Insider Activity

In related news, Director Mark Cooper sold 5,556 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of C$71.94, for a total value of C$399,707.53. Also, insider CCL Industries Inc. purchased 67,024 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was bought at an average cost of C$73.98 per share, with a total value of C$4,958,609.78. Over the last three months, insiders acquired 169,402 shares of company stock valued at $12,293,509 and sold 8,427 shares valued at $609,884. 11.22% of the stock is currently owned by corporate insiders.

CCL Industries Price Performance

The firm has a fifty day moving average of C$70.38 and a two-hundred day moving average of C$73.85. The firm has a market cap of C$11.86 billion, a PE ratio of 18.88, a PEG ratio of 0.26 and a beta of 0.57. The company has a debt-to-equity ratio of 48.08, a current ratio of 1.96 and a quick ratio of 1.31. CCL Industries has a fifty-two week low of C$64.93 and a fifty-two week high of C$84.70.

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.