CCL Industries Inc. (TSE:CCL.B) Receives C$106.60 Average Price Target from Brokerages

CCL Industries Inc. (TSE:CCL.B) has earned an average rating of “Moderate Buy” from the seven analysts that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$106.60.

Several analysts recently issued reports on the company. ATB Cormark Capital Markets lifted 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. TD set a C$115.00 price objective on shares of CCL Industries and gave the company a “buy” rating in a research report on Thursday, September 10th. Raymond James Financial upped their target price on shares of CCL Industries from C$100.00 to C$105.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. National Bank Financial raised their target price on shares of CCL Industries from C$104.00 to C$106.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Finally, Canadian Imperial Bank of Commerce boosted their price target on shares of CCL Industries from C$104.00 to C$113.00 in a research note on Friday, August 14th.

CCL Industries Trading Down 0.9%

Shares of CCL.B stock opened at C$92.76 on Thursday. 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 stock has a fifty day simple moving average of C$93.26 and a two-hundred day simple moving average of C$89.29. The firm has a market capitalization of C$15.68 billion, a PE ratio of 19.86, a PEG ratio of 0.26 and a beta of 0.90. CCL Industries has a 52-week low of C$74.69 and a 52-week high of C$98.59.

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.