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

Shares of CCL Industries Inc. (TSE:CCL.B) have been assigned an average rating of “Moderate Buy” from the six brokerages that are presently covering the company, MarketBeat Ratings reports. One 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 objective among brokers that have issued a report on the stock in the last year is C$101.80.

CCL.B has been the subject of several recent research reports. TD Securities lifted their target price on shares of CCL Industries from C$100.00 to C$105.00 in a research note on Wednesday, January 21st. ATB Cormark Capital Markets raised their target price on CCL Industries from C$101.00 to C$102.00 and gave the stock an “outperform” rating in a research note on Friday. National Bank Financial increased their price target on shares of CCL Industries from C$102.00 to C$104.00 and gave the stock an “outperform” rating in a report on Friday. Scotiabank cut shares of CCL Industries from an “outperform” rating to a “sector perform” rating and increased their target price for the stock from C$94.00 to C$96.00 in a research note on Thursday, January 29th. Finally, Royal Bank Of Canada boosted their price target on shares of CCL Industries from C$99.00 to C$100.00 and gave the company an “outperform” rating in a research report on Friday.

CCL Industries Stock Performance

CCL.B traded down C$0.11 during trading hours on Friday, hitting C$87.01. The stock had a trading volume of 572,929 shares, compared to its average volume of 355,057. CCL Industries has a 1 year low of C$74.69 and a 1 year high of C$95.00. The company’s fifty day simple moving average is C$86.45 and its 200 day simple moving average is C$85.65. The stock has a market cap of C$15.06 billion, a PE ratio of 19.04, a price-to-earnings-growth ratio of 0.26 and a beta of 0.90. The company has a quick ratio of 1.31, a current ratio of 1.96 and a debt-to-equity ratio of 48.08.

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.