CCL Industries Inc. (TSE:CCL.B) Receives C$101.80 Consensus Target Price from Brokerages

CCL Industries Inc. (TSE:CCL.B) has been given an average rating of “Moderate Buy” by the six analysts that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$101.80.

Several equities analysts recently commented on CCL.B shares. Royal Bank Of Canada increased their target price on shares of CCL Industries from C$99.00 to C$100.00 and gave the company an “outperform” rating in a report on Friday, May 15th. TD increased their target price on shares of CCL Industries from C$105.00 to C$110.00 and gave the company a “buy” rating in a report on Friday, May 15th. Raymond James Financial increased their target price on shares of CCL Industries from C$95.00 to C$100.00 in a report on Friday, February 27th. Stifel Nicolaus increased their target price on shares of CCL Industries from C$103.00 to C$105.00 and gave the company a “buy” rating in a report on Friday, May 15th. Finally, National Bank Financial increased their target price on shares of CCL Industries from C$102.00 to C$104.00 and gave the company an “outperform” rating in a report on Friday, May 15th.

CCL Industries Price Performance

CCL.B stock opened at C$83.94 on Tuesday. The company has a debt-to-equity ratio of 48.08, a quick ratio of 1.31 and a current ratio of 1.96. CCL Industries has a 52 week low of C$74.69 and a 52 week high of C$95.00. The firm’s fifty day moving average is C$86.20 and its 200 day moving average is C$86.28. The firm has a market cap of C$14.43 billion, a P/E ratio of 18.37, a P/E/G ratio of 0.26 and a beta of 0.95.

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.