CCL Industries (TSE:CCL.B) Price Target Raised to C$94.00

CCL Industries (TSE:CCL.B) had its price target upped by investment analysts at Scotiabank from C$91.00 to C$94.00 in a research note issued to investors on Thursday,BayStreet.CA reports. Scotiabank’s price objective suggests a potential upside of 6.64% from the company’s current price.

A number of other analysts have also recently weighed in on CCL.B. Stifel Nicolaus increased their target price on shares of CCL Industries from C$92.00 to C$103.00 in a report on Thursday. National Bankshares increased their price objective on shares of CCL Industries from C$94.00 to C$96.00 and gave the stock an “outperform” rating in a research note on Friday, August 15th. TD Securities lifted their target price on CCL Industries from C$95.00 to C$100.00 in a research note on Thursday. Finally, BMO Capital Markets upped their target price on CCL Industries from C$91.00 to C$95.00 in a report on Friday, August 15th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$95.88.

CCL Industries Stock Performance

TSE:CCL.B traded up C$0.78 during trading hours on Thursday, reaching C$88.15. 287,012 shares of the stock were exchanged, compared to its average volume of 294,586. The stock has a market capitalization of C$15.37 billion, a P/E ratio of 19.76, a P/E/G ratio of 0.26 and a beta of 0.60. The firm has a 50 day simple moving average of C$78.96 and a 200-day simple moving average of C$78.68. The company has a quick ratio of 1.31, a current ratio of 1.96 and a debt-to-equity ratio of 48.08. CCL Industries has a 52 week low of C$64.93 and a 52 week high of C$89.06.

CCL Industries Company Profile

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.