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Strategies & Market Trends : Dino's Bar & Grill

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From: Goose94	6/4/2023 6:02:51 AM
	Read Replies (1) of 203433

CCL Industries (CCL.B-T) top pick from Brianne Gardner on BNN.ca Market Call Friday June 2nd @ 1200ET It is the world’s largest label maker. It makes everything from the Avery labels used in almost all offices around the world to specialty packaging for some of the leading companies in automotive, healthcare, personal care items, food and beverages and even the polymer banknotes used globally. CCL did have some headwinds and increased competition recently but has grown its revenue from $1.3 billion to $6.4 billion over the last 10 years with very stable margins. CCL’s balance sheet remains in a strong position and while it only has a yield of 1.7 per cent, it increased its dividend by almost 110 per cent in just five years between 2017 and 2022. The average price on the street by analysts provides an implied upside of over 20 per cent from the current level, with a consensus rating of outperform. CCL Industries is one of a few Canadian stocks that have the ability to be flexible and adaptable to changing economic conditions to protect its margins, which is why the stock has delivered positive returns to investors 13 out of the last 15 years.

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