CCL Industries (TSE:CCL.B) Given New C$94.00 Price Target at Scotiabank

CCL Industries (TSE:CCL.B) had its price target increased by Scotiabank from C$91.00 to C$94.00 in a research report sent to investors on Thursday,BayStreet.CA reports.

Several other research analysts also recently weighed in on the company. Stifel Nicolaus boosted their target price on CCL Industries from C$92.00 to C$103.00 in a research note on Thursday. National Bankshares raised their price target on CCL Industries from C$94.00 to C$96.00 and gave the stock an “outperform” rating in a report on Friday, August 15th. TD Securities boosted their price target on CCL Industries from C$95.00 to C$100.00 in a research note on Thursday. Finally, BMO Capital Markets upped their price objective on shares of CCL Industries from C$91.00 to C$95.00 in a report on Friday, August 15th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$95.88.

CCL Industries Stock Performance

Shares of CCL.B stock opened at C$87.49 on Thursday. The business’s fifty day simple moving average is C$79.07 and its 200-day simple moving average is C$78.74. The company has a market cap of C$15.16 billion, a PE ratio of 19.06, a PEG ratio of 0.26 and a beta of 0.60. 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 12-month low of C$64.93 and a 12-month high of C$89.06.

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.