Shares of CCL Industries Inc. (TSE:CCL.B – Get Free Report) have been given a consensus recommendation of “Buy” by the six research firms that are presently covering the company, MarketBeat reports. Six research analysts have rated the stock with a buy recommendation. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$89.25.
Several brokerages have recently weighed in on CCL.B. Scotiabank boosted their price target on shares of CCL Industries from C$85.00 to C$86.00 in a research report on Friday, February 21st. BMO Capital Markets boosted their price target on shares of CCL Industries from C$90.00 to C$91.00 in a research report on Friday, May 9th. TD Securities boosted their price target on shares of CCL Industries from C$90.00 to C$95.00 and gave the company a “buy” rating in a research report on Friday, May 9th. Finally, CIBC lowered their price target on shares of CCL Industries from C$96.00 to C$88.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 22nd.
Read Our Latest Report on CCL Industries
CCL Industries Trading Up 1.2%
Insider Activity at CCL Industries
In related news, Director Tom Peddie sold 400 shares of the business’s stock in a transaction dated Friday, March 28th. The shares were sold at an average price of C$69.85, for a total value of C$27,940.00. Following the sale, the director now directly owns 100 shares in the company, valued at approximately C$6,985. The trade was a 80.00% decrease in their position. Also, insider CCL Industries Inc. acquired 35,354 shares of CCL Industries stock in a transaction that occurred on Tuesday, March 25th. The stock was bought at an average price of C$71.61 per share, for a total transaction of C$2,531,784.79. In the last ninety days, insiders have sold 79,400 shares of company stock worth $6,133,894. Company 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.
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