CCL Industries Inc. (TSE:CCL.B) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of CCL Industries Inc. (TSE:CCL.B) have been given an average recommendation of “Moderate Buy” by the six analysts that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$101.80.

CCL.B has been the subject of several recent analyst reports. Royal Bank Of Canada boosted their price objective on shares of CCL Industries from C$99.00 to C$100.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. ATB Cormark Capital Markets increased their target price on shares of CCL Industries from C$101.00 to C$102.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Stifel Nicolaus raised their price target on shares of CCL Industries from C$103.00 to C$105.00 and gave the company a “buy” rating in a report on Friday, May 15th. TD boosted their price target on shares of CCL Industries from C$105.00 to C$110.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Finally, National Bank Financial boosted their price target on shares of CCL Industries from C$102.00 to C$104.00 and gave the company an “outperform” rating in a research report on Friday, May 15th.

CCL Industries Trading Down 0.1%

Shares of CCL.B opened at C$92.65 on Friday. CCL Industries has a twelve month low of C$74.69 and a twelve month high of C$95.00. The stock has a market cap of C$15.92 billion, a PE ratio of 20.27, a P/E/G ratio of 0.26 and a beta of 0.95. The company has a quick ratio of 1.31, a current ratio of 1.96 and a debt-to-equity ratio of 48.08. The business’s 50-day moving average price is C$86.92 and its 200-day moving average price is C$86.90.

CCL Industries Company Profile

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. The Avery segment sells software, labels, tags, dividers, badges, and specialty card products under the Avery brand. The Checkpoint segment includes the manufacturing and selling of technology-driven, inventory management and labeling solutions.