Brokerages Set CCL Industries Inc. (TSE:CCL.B) Target Price at C$78.90

Shares of CCL Industries Inc. (TSE:CCL.B) have earned a consensus recommendation of “Buy” from the nine research firms that are presently covering the company, MarketBeat reports. Nine research analysts have rated the stock with a buy recommendation. The average 1 year price objective among analysts that have covered the stock in the last year is C$78.90.

A number of equities analysts recently weighed in on the stock. Scotiabank boosted their price target on shares of CCL Industries from C$72.00 to C$79.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Raymond James raised shares of CCL Industries from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from C$74.00 to C$78.00 in a report on Thursday, March 7th. Royal Bank of Canada boosted their price target on shares of CCL Industries from C$72.00 to C$81.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. CIBC boosted their price objective on CCL Industries from C$82.00 to C$83.00 in a research note on Thursday, April 11th. Finally, National Bankshares boosted their price objective on CCL Industries from C$79.00 to C$81.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd.

Insider Activity at CCL Industries

In other news, Director Derek Cumming sold 700 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of C$69.51, for a total transaction of C$48,653.50. In other news, Director Derek Cumming sold 700 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of C$69.51, for a total transaction of C$48,653.50. Also, Director Mark Cooper sold 24,543 shares of the company’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of C$70.14, for a total value of C$1,721,482.83. In the last three months, insiders have sold 293,799 shares of company stock worth $21,357,228. Company insiders own 10.03% of the company’s stock.

CCL Industries Price Performance

Shares of TSE:CCL.B opened at C$71.28 on Friday. The company’s 50-day moving average is C$68.77 and its 200 day moving average is C$61.31. The company has a debt-to-equity ratio of 49.37, a quick ratio of 1.31 and a current ratio of 1.89. The company has a market capitalization of C$11.83 billion, a P/E ratio of 24.16, a price-to-earnings-growth ratio of 0.26 and a beta of 0.55. CCL Industries has a fifty-two week low of C$52.82 and a fifty-two week high of C$74.49.

About CCL Industries

CCL Industries Inc manufactures and sells labels, containers, consumer printable media products, technology driven label solutions, polymer bank note substrates, and specialty films. The company operates through four segments: CCL, Avery, Checkpoint, and Innovia. The CCL segment offers pressure sensitive and specialty extruded film materials for decorative, instructional, functional, and security applications in the consumer packaging, healthcare, chemicals, consumer electronic device, and automotive markets.