CCL Industries (TSE:CCL.A) Price Target Raised to C$115.00

CCL Industries (TSE:CCL.A) had its price target boosted by stock analysts at National Bank Financial from C$106.00 to C$115.00 in a report issued on Wednesday, BayStreet reports. The firm currently has an “outperform” rating on the stock. National Bank Financial‘s target price suggests a potential upside of 20.43% from the stock’s previous close.

CCL Industries Stock Performance

Shares of CCL.A stock remained flat at C$95.49 during mid-day trading on Wednesday. The company has a market capitalization of C$16.14 billion, a P/E ratio of 20.45 and a beta of 0.36. The company has a current ratio of 1.96, a quick ratio of 1.31 and a debt-to-equity ratio of 48.08. CCL Industries has a twelve month low of C$81.49 and a twelve month high of C$97.12. The business’s 50-day moving average price is C$94.16 and its 200-day moving average price is C$89.54.

CCL Industries (TSE:CCL.A) last released its quarterly earnings data on Wednesday, August 12th. The company reported C$1.35 EPS for the quarter. CCL Industries had a net margin of 9.80% and a return on equity of 14.28%. The business had revenue of C$2.11 billion for the quarter. Research analysts expect that CCL Industries will post 4.64 EPS for the current year.

About CCL Industries

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.