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

Shares of CCL Industries Inc. (TSE:CCL.B) have received an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$101.80.

A number of analysts have commented on the company. Raymond James Financial boosted their price objective on CCL Industries from C$95.00 to C$100.00 in a report on Friday, February 27th. TD boosted their target price on CCL Industries from C$105.00 to C$110.00 and gave the stock a “buy” rating in a research note on Friday. Stifel Nicolaus upped their target price on CCL Industries from C$103.00 to C$105.00 and gave the company a “buy” rating in a report on Friday. Royal Bank Of Canada increased their price target on CCL Industries from C$99.00 to C$100.00 and gave the company an “outperform” rating in a research report on Friday. Finally, National Bank Financial boosted their price objective on CCL Industries from C$102.00 to C$104.00 and gave the stock an “outperform” rating in a research report on Friday.

CCL Industries Stock Down 0.1%

CCL Industries stock traded down C$0.11 during midday trading on Friday, reaching 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 12 month low of C$74.69 and a 12 month high of C$95.00. The company has a market capitalization of C$15.06 billion, a P/E ratio of 19.04, a PEG ratio of 0.26 and a beta of 0.90. The company has a fifty day moving average price of C$86.45 and a two-hundred day moving average price of C$85.65. The company has a current ratio of 1.96, a quick ratio of 1.31 and a debt-to-equity ratio of 48.08.

About CCL Industries

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.