CCL Industries Inc. (CCL.B) Given Average Recommendation of “Buy” by Brokerages
Shares of CCL Industries Inc. (TSE:CCL.B) have been given an average rating of “Buy” by the seven ratings firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$114.17.
A number of research firms recently issued reports on CCL.B. Scotiabank upped their price target on shares of CCL Industries from C$310.00 to C$320.00 and gave the company an “outperform” rating in a research note on Thursday, May 4th. CIBC upped their price target on shares of CCL Industries from C$320.00 to C$340.00 in a research note on Wednesday, May 10th. TD Securities downgraded shares of CCL Industries from a “buy” rating to a “hold” rating and set a C$330.00 price target on the stock. in a research note on Wednesday, May 10th. KeyCorp downgraded shares of CCL Industries from an “overweighr” rating to a “sector weight” rating in a research note on Thursday, July 6th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a C$72.00 price target on shares of CCL Industries in a research note on Friday, July 7th.
CCL Industries Company Profile
CCL Industries Inc is involved in manufacture of labels, containers, consumer printable media products and inventory management and loss prevention solutions. It operates through four segments: Label, Avery, Checkpoint and Container. The Label segment includes production of pressure sensitive and extruded film materials for a range of decorative, instructional and functional applications for customers in the consumer packaging, healthcare, automotive and consumer durables markets.
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