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

Shares of CCL Industries Inc. (TSE:CCL.B) have been assigned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$101.80.

Several research analysts recently issued reports on the stock. ATB Cormark Capital Markets upped 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 report on Friday, May 15th. National Bank Financial raised their price target on 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. TD lifted their price target on CCL Industries from C$105.00 to C$110.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Royal Bank Of Canada upped 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. Finally, Stifel Nicolaus increased their price objective on CCL Industries from C$103.00 to C$105.00 and gave the company a “buy” rating in a research report on Friday, May 15th.

CCL Industries Stock Performance

CCL Industries stock opened at C$92.65 on Friday. The firm’s fifty day moving average price is C$86.92 and its 200-day moving average price is C$86.90. The company has a debt-to-equity ratio of 48.08, a quick ratio of 1.31 and a current ratio of 1.96. The stock has a market cap of C$15.92 billion, a P/E ratio of 20.27, a price-to-earnings-growth ratio of 0.26 and a beta of 0.95. CCL Industries has a fifty-two week low of C$74.69 and a fifty-two week high of C$95.00.

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.