CCL Industries (TSE:CCL.B) Given New C$107.00 Price Target at Royal Bank Of Canada

CCL Industries (TSE:CCL.B) had its target price lifted by Royal Bank Of Canada from C$100.00 to C$107.00 in a report released on Friday morning,BayStreet.CA reports. Royal Bank Of Canada currently has an outperform rating on the stock.

Several other research firms have also weighed in on CCL.B. Canadian Imperial Bank of Commerce raised their target price on CCL Industries from C$104.00 to C$113.00 in a report on Friday. ATB Cormark Capital Markets boosted their price objective on shares of CCL Industries from C$102.00 to C$104.00 and gave the stock an “outperform” rating in a report on Friday. TD upped 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. National Bank Financial upped their price objective on CCL Industries from C$104.00 to C$106.00 and gave the company an “outperform” rating in a research note on Friday. Finally, BMO Capital Markets upped their price objective on shares of CCL Industries from C$103.00 to C$110.00 in a research note on Friday. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$106.60.

CCL Industries Stock Performance

Shares of CCL.B stock opened at C$96.50 on Friday. The stock’s 50-day moving average is C$90.43 and its two-hundred day moving average is C$88.02. CCL Industries has a fifty-two week low of C$74.69 and a fifty-two week high of C$98.59. The firm has a market cap of C$16.31 billion, a P/E ratio of 20.66, a PEG ratio of 0.26 and a beta of 0.95. The company has a debt-to-equity ratio of 48.08, a current ratio of 1.96 and a quick ratio of 1.31.

More CCL Industries News

Here are the key news stories impacting CCL Industries this week:

• Positive Sentiment: Multiple analysts raised price targets and maintained bullish ratings. Raymond James increased its target to C$105 and assigned an “outperform” rating; RBC raised its target to C$107 with an “outperform” rating; National Bank lifted its target to C$106 and also rated the shares “outperform.” ATB Cormark raised its target to C$104 and maintained an “outperform” view. BayStreet.CA analyst ratings
• Positive Sentiment: Additional target increases point to significant perceived upside. CIBC raised its target from C$104 to C$113, BMO increased its target to C$110, and TD lifted its target to C$115 while upgrading or maintaining a “buy” stance. The revised targets imply approximately 7.6% to 19.0% upside based on the referenced share price, signaling stronger analyst confidence in CCL’s earnings outlook and valuation potential. TickerReport analyst ratings BayStreet.CA analyst ratings
• Positive Sentiment: CCL Industries declared a C$0.36 dividend. The dividend announcement adds to the stock’s appeal for income-focused investors and may reinforce confidence in the company’s cash-generation capacity, although the provided report does not specify the record or payment dates. CCL Industries declares C$0.36 dividend

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. 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.