CCL Industries Inc. (TSE:CCL.B) Given Average Rating of “Moderate Buy” by Analysts

CCL Industries Inc. (TSE:CCL.B) has received a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, MarketBeat Ratings 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 12 month price target among brokers that have updated their coverage on the stock in the last year is C$101.80.

A number of equities analysts recently issued reports on CCL.B shares. National Bank Financial increased their price objective on CCL Industries from C$102.00 to C$104.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Stifel Nicolaus increased their price objective on CCL Industries from C$103.00 to C$105.00 and gave the stock a “buy” rating in a report on Friday, May 15th. ATB Cormark Capital Markets increased their price objective on CCL Industries from C$101.00 to C$102.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. TD increased their price objective on CCL Industries from C$105.00 to C$110.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Finally, Royal Bank Of Canada increased their price objective on CCL Industries from C$99.00 to C$100.00 and gave the stock an “outperform” rating in a report on Friday, May 15th.

CCL Industries Stock Performance

Shares of CCL.B stock opened at C$81.64 on Tuesday. CCL Industries has a 12-month low of C$74.69 and a 12-month high of C$95.00. The firm has a market capitalization of C$14.03 billion, a price-to-earnings ratio of 17.86, a price-to-earnings-growth ratio of 0.26 and a beta of 0.95. The business has a 50 day simple moving average of C$86.45 and a 200 day simple moving average of C$86.30. 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 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.