CCL Industries Inc. (TSE:CCL.B) Stock Has Consensus Target Price of C$106.60 According to Brokerages

CCL Industries Inc. (TSE:CCL.B) has earned a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$106.60.

A number of brokerages recently weighed in on CCL.B. Canadian Imperial Bank of Commerce lifted their price target on CCL Industries from C$104.00 to C$113.00 in a research note on Friday, August 14th. Royal Bank Of Canada boosted their price objective on CCL Industries from C$100.00 to C$107.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Raymond James Financial upped their price objective on shares of CCL Industries from C$100.00 to C$105.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. ATB Cormark Capital Markets raised their target price 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, August 14th. Finally, BMO Capital Markets lifted their target price on shares of CCL Industries from C$103.00 to C$110.00 in a research report on Friday, August 14th.

CCL Industries Stock Up 0.5%

Shares of CCL Industries stock opened at C$99.82 on Friday. CCL Industries has a 12-month low of C$79.93 and a 12-month high of C$102.92. The firm has a market capitalization of C$16.88 billion, a PE ratio of 21.37, a price-to-earnings-growth ratio of 0.26 and a beta of 0.79. The company has a quick ratio of 1.31, a current ratio of 1.96 and a debt-to-equity ratio of 48.08. The stock’s fifty day moving average is C$95.62 and its 200-day moving average is C$90.23.

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.