CCL Industries Inc. (TSE:CCL.B – Get Free Report) has been given an average recommendation of “Moderate Buy” by the eight brokerages that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$73.30.
A number of brokerages recently weighed in on CCL.B. Raymond James dropped their price objective on CCL Industries from C$71.00 to C$70.00 and set a “market perform” rating on the stock in a report on Friday, November 10th. Pi Financial upped their price objective on CCL Industries from C$74.00 to C$75.00 and gave the stock a “buy” rating in a report on Friday, December 15th. Scotiabank set a C$72.00 price objective on CCL Industries and gave the stock an “outperform” rating in a report on Tuesday, November 28th. CIBC dropped their price objective on CCL Industries from C$74.00 to C$72.00 and set an “outperform” rating on the stock in a report on Monday, November 13th. Finally, Royal Bank of Canada lowered their target price on CCL Industries from C$75.00 to C$72.00 and set an “outperform” rating on the stock in a report on Friday, November 10th.
CCL Industries Price Performance
Insider Buying and Selling at CCL Industries
In other CCL Industries news, Director Scott Mitchell-Harris sold 1,378 shares of the firm’s stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of C$59.80, for a total transaction of C$82,404.40. In other CCL Industries news, insider CCL Industries Inc. bought 3,900 shares of the business’s stock in a transaction on Thursday, December 28th. The shares were purchased at an average price of C$58.98 per share, with a total value of C$230,036.82. Also, Director Scott Mitchell-Harris sold 1,378 shares of CCL Industries stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of C$59.80, for a total value of C$82,404.40. 10.05% of the stock is owned by insiders.
CCL Industries Company Profile
CCL Industries Inc manufactures and sells labels, containers, consumer printable media products, technology driven label solutions, polymer bank note substrates, and specialty films. The company operates through four segments: CCL, Avery, Checkpoint, and Innovia. The CCL segment offers pressure sensitive and specialty extruded film materials for decorative, instructional, functional, and security applications in the consumer packaging, healthcare, chemicals, consumer electronic device, and automotive markets.
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