CCL Industries (TSE:CCL.B) Price Target Raised to C$108.00

CCL Industries (TSE:CCL.B) had its price target upped by stock analysts at Raymond James Financial from C$105.00 to C$108.00 in a report released on Thursday, BayStreet reports. The firm currently has an “outperform” rating on the stock. Raymond James Financial‘s price target points to a potential upside of 6.40% from the company’s current price.

Several other equities analysts have also issued reports on CCL.B. ATB Cormark Capital Markets raised their price target on CCL Industries from C$110.00 to C$112.00 and gave the stock an “outperform” rating in a research report on Thursday. Stifel Nicolaus lifted their price target on CCL Industries from C$115.00 to C$120.00 and gave the stock a “buy” rating in a research note on Thursday. Canadian Imperial Bank of Commerce boosted their price objective on CCL Industries from C$104.00 to C$113.00 in a research report on Friday, August 14th. Royal Bank Of Canada boosted their price objective on CCL Industries from C$107.00 to C$112.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, National Bank Financial increased their price objective on CCL Industries from C$115.00 to C$119.00 and gave the company an “outperform” rating in a research note on Thursday. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$111.00.

CCL Industries Trading Up 0.2%

Shares of CCL.B traded up C$0.21 during trading hours on Thursday, hitting C$101.50. The company had a trading volume of 351,056 shares, compared to its average volume of 395,984. CCL Industries has a 52-week low of C$80.46 and a 52-week high of C$109.64. The company has a quick ratio of 1.31, a current ratio of 1.96 and a debt-to-equity ratio of 48.08. The stock’s 50 day moving average price is C$95.82 and its 200 day moving average price is C$90.31. The firm has a market cap of C$17.16 billion, a P/E ratio of 21.73, a P/E/G ratio of 0.26 and a beta of 0.79.

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.