CCL Industries (TSE:CCL.B) Price Target Raised to C$105.00

CCL Industries (TSE:CCL.B) had its price objective lifted by stock analysts at Stifel Nicolaus from C$103.00 to C$105.00 in a report released on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price target points to a potential upside of 19.82% from the stock’s previous close.

A number of other brokerages have also weighed in on CCL.B. TD Securities upped their target price on CCL Industries from C$100.00 to C$105.00 in a research note on Wednesday, January 21st. Scotiabank lowered CCL Industries from an “outperform” rating to a “sector perform” rating and upped their target price for the stock from C$94.00 to C$96.00 in a research note on Thursday, January 29th. National Bank Financial upped their target price on CCL Industries from C$102.00 to C$104.00 and gave the stock an “outperform” rating in a research note on Friday. TD upped their target price on CCL Industries from C$105.00 to C$110.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Raymond James Financial upped their target price on CCL Industries from C$95.00 to C$100.00 in a research note on Friday, February 27th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$101.80.

CCL Industries Stock Performance

Shares of TSE:CCL.B traded up C$0.51 during midday trading on Friday, reaching C$87.63. 407,678 shares of the company traded hands, compared to its average volume of 353,394. The company has a quick ratio of 1.31, a current ratio of 1.96 and a debt-to-equity ratio of 48.08. CCL Industries has a 12 month low of C$74.69 and a 12 month high of C$95.00. The firm has a market capitalization of C$15.17 billion, a price-to-earnings ratio of 19.18, a price-to-earnings-growth ratio of 0.26 and a beta of 0.90. The firm’s fifty day moving average price is C$86.45 and its two-hundred day moving average price is C$85.65.

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.