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

Shares of CCL Industries Inc. (TSE:CCL.B) have been given an average recommendation of “Moderate Buy” by the six analysts that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$101.80.

CCL.B has been the topic of several research analyst reports. National Bank Financial raised their target price on shares of CCL Industries from C$102.00 to C$104.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Stifel Nicolaus upped their price target on shares of CCL Industries from C$103.00 to C$105.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Royal Bank Of Canada increased their price objective on shares of CCL Industries from C$99.00 to C$100.00 and gave the company an “outperform” rating in a report on Friday, May 15th. ATB Cormark Capital Markets raised their price objective on shares of CCL Industries from C$101.00 to C$102.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Finally, TD raised their price objective on shares of CCL Industries from C$105.00 to C$110.00 and gave the company a “buy” rating in a research note on Friday, May 15th.

CCL Industries Trading Down 2.4%

TSE:CCL.B opened at C$89.79 on Friday. CCL Industries has a 1 year low of C$74.69 and a 1 year high of C$95.00. The stock has a market cap of C$15.43 billion, a price-to-earnings ratio of 19.65, a PEG ratio of 0.26 and a beta of 0.93. The business has a fifty day moving average of C$87.18 and a 200-day moving average of C$87.05. The company has a debt-to-equity ratio of 48.08, a quick ratio of 1.31 and a current ratio of 1.96.

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.