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

Shares of CCL Industries Inc. (TSE:CCL.B – Get Free Report) have received an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$106.60.

Several research firms have recently commented on CCL.B. BMO Capital Markets raised their price objective on CCL Industries from C$103.00 to C$110.00 in a research note on Friday, August 14th. Canadian Imperial Bank of Commerce increased their target price on CCL Industries from C$104.00 to C$113.00 in a research report on Friday, August 14th. TD lifted their target price on CCL Industries from C$110.00 to C$115.00 and gave the company a “buy” rating in a research note on Friday, August 14th. Stifel Nicolaus boosted their target price on shares of CCL Industries from C$103.00 to C$105.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Finally, National Bank Financial boosted their target price on CCL Industries from C$104.00 to C$106.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th.

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CCL Industries Stock Performance

Shares of TSE CCL.B opened at C$92.89 on Friday. The company has a current ratio of 1.96, a quick ratio of 1.31 and a debt-to-equity ratio of 48.08. The firm has a market capitalization of C$15.70 billion, a price-to-earnings ratio of 19.89, a price-to-earnings-growth ratio of 0.26 and a beta of 0.95. CCL Industries has a 12-month low of C$74.69 and a 12-month high of C$98.59. The firm has a 50 day moving average of C$92.39 and a 200 day moving average of C$88.72.

About CCL Industries

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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.

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