CCL Industries (TSE:CCL.B) Price Target Raised to C$120.00

CCL Industries (TSE:CCL.B) had its target price upped by investment analysts at Stifel Nicolaus from C$115.00 to C$120.00 in a note issued to investors on Thursday, BayStreet reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus‘s price target would indicate a potential upside of 18.23% from the company’s current price.

A number of other research analysts have also commented on CCL.B. ATB Cormark Capital Markets increased their price objective on CCL Industries from C$102.00 to C$104.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Canadian Imperial Bank of Commerce boosted their target price on CCL Industries from C$104.00 to C$113.00 in a research report on Friday, August 14th. Royal Bank Of Canada upped their price target on CCL Industries from C$107.00 to C$112.00 and gave the company an “outperform” rating in a research note on Thursday. National Bank Financial raised their price target on CCL Industries from C$115.00 to C$119.00 and gave the company an “outperform” rating in a report on Thursday. Finally, BMO Capital Markets lifted their price objective on CCL Industries from C$103.00 to C$110.00 in a research report on Friday, August 14th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, CCL Industries has an average rating of “Moderate Buy” and an average target price of C$111.00.

CCL Industries Price Performance

Shares of CCL Industries stock traded up C$0.21 during midday trading on Thursday, reaching C$101.50. The company had a trading volume of 351,056 shares, compared to its average volume of 395,984. The company has a current ratio of 1.96, a quick ratio of 1.31 and a debt-to-equity ratio of 48.08. The company has a market capitalization of C$17.16 billion, a price-to-earnings ratio of 21.73, a price-to-earnings-growth ratio of 0.26 and a beta of 0.79. The stock has a fifty day simple moving average of C$95.82 and a 200 day simple moving average of C$90.31. CCL Industries has a 1-year low of C$80.46 and a 1-year high of C$109.64.

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.