CCL Industries Inc. (TSE:CCL.B) Stock Has Consensus Target Price of C$106.60 According to Analysts

CCL Industries Inc. (TSE:CCL.B) has been assigned an average rating of “Moderate Buy” from the seven analysts that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$106.60.

Several research analysts have recently commented on the company. Raymond James Financial boosted their target price on CCL Industries from C$100.00 to C$105.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Royal Bank Of Canada raised their price target on CCL Industries from C$100.00 to C$107.00 and gave the company an “outperform” rating in a report on Friday, August 14th. Canadian Imperial Bank of Commerce boosted their price objective on CCL Industries from C$104.00 to C$113.00 in a research note on Friday, August 14th. ATB Cormark Capital Markets raised their target price on CCL Industries from C$102.00 to C$104.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Finally, National Bank Financial lifted their price target on CCL Industries from C$104.00 to C$106.00 and gave the company an “outperform” rating in a report on Friday, August 14th.

CCL Industries Price Performance

Shares of CCL Industries stock opened at C$97.22 on Monday. The stock has a market capitalization of C$16.44 billion, a price-to-earnings ratio of 20.82, a P/E/G ratio of 0.26 and a beta of 0.84. The firm’s 50-day moving average price is C$94.11 and its two-hundred day moving average price is C$90.30. 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 1-year low of C$76.13 and a 1-year high of C$98.59.

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. 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.