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

CCL Industries Inc. (TSE:CCL.B) has received a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$106.60.

Several research analysts recently weighed in on the stock. Royal Bank Of Canada boosted their price target on shares of CCL Industries from C$100.00 to C$107.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. TD set a C$115.00 price objective on shares of CCL Industries and gave the company a “buy” rating in a research note on Thursday, September 10th. ATB Cormark Capital Markets lifted their target price on shares of CCL Industries from C$102.00 to C$104.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Canadian Imperial Bank of Commerce boosted their target price on CCL Industries from C$104.00 to C$113.00 in a research note on Friday, August 14th. Finally, National Bank Financial upped their target price on CCL Industries from C$104.00 to C$106.00 and gave the company an “outperform” rating in a report on Friday, August 14th.

CCL Industries Stock Performance

TSE CCL.B opened at C$92.27 on Thursday. CCL Industries has a 1 year low of C$74.69 and a 1 year high of C$98.59. The company has a debt-to-equity ratio of 48.08, a current ratio of 1.96 and a quick ratio of 1.31. The firm has a market cap of C$15.60 billion, a price-to-earnings ratio of 19.76, a PEG ratio of 0.26 and a beta of 0.90. The company has a fifty day moving average price of C$93.10 and a 200-day moving average price of C$89.25.

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.