Royal Bank Of Canada Issues Positive Forecast for CCL Industries (TSE:CCL.B) Stock Price

CCL Industries (TSE:CCL.B) had its price target raised by Royal Bank Of Canada from C$99.00 to C$100.00 in a research note issued on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 14.12% from the stock’s current price.

A number of other analysts have also weighed in on CCL.B. Raymond James Financial upped their price objective on CCL Industries from C$95.00 to C$100.00 in a research report on Friday, February 27th. Scotiabank lowered CCL Industries from an “outperform” rating to a “sector perform” rating and upped their price objective for the stock from C$94.00 to C$96.00 in a research report on Thursday, January 29th. TD upped their price objective on CCL Industries from C$105.00 to C$110.00 and gave the stock a “buy” rating in a research report on Friday. ATB Cormark Capital Markets boosted their target price on shares of CCL Industries from C$101.00 to C$102.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, National Bank Financial boosted 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 research note on Friday. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$101.80.

CCL Industries Stock Up 0.6%

Shares of TSE:CCL.B traded up C$0.51 during trading on Friday, hitting C$87.63. The company’s stock had a trading volume of 407,678 shares, compared to its average volume of 353,394. CCL Industries has a fifty-two week low of C$74.69 and a fifty-two week high of C$95.00. The business has a 50 day moving average price of C$86.45 and a two-hundred day moving average price of C$85.65. The company has a debt-to-equity ratio of 48.08, a quick ratio of 1.31 and a current ratio of 1.96. The company has a market capitalization of C$15.17 billion, a PE ratio of 19.18, a P/E/G ratio of 0.26 and a beta of 0.90.

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.