CCL Industries (TSE:CCL.B) Price Target Raised to C$112.00

CCL Industries (TSE:CCL.B) had its target price raised by ATB Cormark Capital Markets from C$110.00 to C$112.00 in a report published on Thursday,BayStreet reports. The firm currently has an outperform rating on the stock.

Several other equities research analysts also recently weighed in on CCL.B. TD set a C$115.00 target price on CCL Industries and gave the stock a “buy” rating in a research report on Thursday, September 10th. BMO Capital Markets upped their price target on CCL Industries from C$103.00 to C$110.00 in a report on Friday, August 14th. National Bank Financial increased their price objective on shares of CCL Industries from C$115.00 to C$119.00 and gave the company an “outperform” rating in a research report on Thursday. Royal Bank Of Canada increased their price objective on shares of CCL Industries from C$107.00 to C$112.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Stifel Nicolaus lifted their price objective on shares of CCL Industries from C$115.00 to C$120.00 and gave the company a “buy” rating in a research note on Thursday. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$111.00.

CCL Industries Trading Up 0.6%

TSE:CCL.B opened at C$101.76 on Thursday. The business’s 50-day moving average is C$96.17 and its two-hundred day moving average is C$90.45. The company has a debt-to-equity ratio of 48.08, a current ratio of 1.96 and a quick ratio of 1.31. CCL Industries has a 12 month low of C$80.46 and a 12 month high of C$109.64. The firm has a market capitalization of C$17.20 billion, a PE ratio of 21.79, a price-to-earnings-growth ratio of 0.26 and a beta of 0.79.

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.