CCL Industries (TSE:CCL.B) Price Target Raised to C$119.00

CCL Industries (TSE:CCL.B) had its price target boosted by National Bank Financial from C$115.00 to C$119.00 in a research report report published on Thursday,BayStreet reports. They currently have an outperform rating on the stock.

Several other brokerages also recently weighed in on CCL.B. BMO Capital Markets upped their target price on shares of CCL Industries from C$103.00 to C$110.00 in a research note on Friday, August 14th. TD set a C$115.00 target price on shares of CCL Industries and gave the stock a “buy” rating in a report on Thursday, September 10th. ATB Cormark Capital Markets raised their price target on shares of 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. Royal Bank Of Canada boosted their price target on shares of CCL Industries from C$100.00 to C$107.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. Finally, Canadian Imperial Bank of Commerce upped their price objective on CCL Industries from C$104.00 to C$113.00 in a research report on Friday, August 14th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$111.00.

CCL Industries Stock Up 0.6%

Shares of TSE:CCL.B opened at C$101.76 on Thursday. The firm has a market capitalization of C$17.20 billion, a PE ratio of 21.79, a price-to-earnings-growth ratio of 0.26 and a beta of 0.79. CCL Industries has a 1 year low of C$80.46 and a 1 year high of C$109.64. The company has a debt-to-equity ratio of 48.08, a current ratio of 1.96 and a quick ratio of 1.31. The firm’s 50-day moving average is C$96.17 and its two-hundred day moving average is C$90.45.

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.