CCL Industries Inc. (CCL.B) Receives Average Rating of “Buy” from Analysts

Shares of CCL Industries Inc. (TSE:CCL.B) have been given a consensus rating of “Buy” by the seven analysts that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is C$114.17.

A number of research analysts have commented on the company. KeyCorp cut CCL Industries from an “overweighr” rating to a “sector weight” rating in a research note on Thursday, July 6th. BMO Capital Markets restated an “outperform” rating and set a C$72.00 price target on shares of CCL Industries in a research note on Friday, July 7th. Scotiabank upped their price target on CCL Industries from C$65.00 to C$70.00 and gave the stock an “outperform” rating in a research note on Friday, July 7th. Laurentian decreased their price target on CCL Industries from C$71.00 to C$69.00 and set a “buy” rating on the stock in a research note on Wednesday, August 9th. Finally, Laurentian Bank of Canada decreased their price target on CCL Industries from C$71.00 to C$69.00 and set a “buy” rating on the stock in a research note on Thursday, August 17th.

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CCL Industries Company Profile

CCL Industries Inc is involved in manufacture of labels, containers, consumer printable media products and inventory management and loss prevention solutions. It operates through four segments: Label, Avery, Checkpoint and Container. The Label segment includes production of pressure sensitive and extruded film materials for a range of decorative, instructional and functional applications for customers in the consumer packaging, healthcare, automotive and consumer durables markets.

Analyst Recommendations for CCL Industries (TSE:CCL.B)

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