CCL Industries (TSE:CCL.B) Price Target Raised to C$95.00

CCL Industries (TSE:CCL.B) had its target price increased by equities research analysts at Raymond James Financial from C$90.00 to C$95.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. Raymond James Financial’s price objective indicates a potential upside of 7.77% from the company’s current price.

CCL.B has been the subject of a number of other reports. Scotiabank upped their price target on CCL Industries from C$91.00 to C$94.00 in a report on Thursday. National Bankshares increased their price target on shares of CCL Industries from C$94.00 to C$96.00 and gave the company an “outperform” rating in a report on Friday, August 15th. Royal Bank Of Canada raised their price target on shares of CCL Industries from C$90.00 to C$94.00 in a research report on Thursday. TD Securities lifted their target price on CCL Industries from C$95.00 to C$100.00 in a research report on Thursday. Finally, Stifel Nicolaus raised their price objective on CCL Industries from C$92.00 to C$103.00 in a research report on Thursday. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$95.88.

CCL Industries Stock Performance

TSE:CCL.B traded up C$0.78 during midday trading on Thursday, reaching C$88.15. The stock had a trading volume of 287,012 shares, compared to its average volume of 294,586. The company has a debt-to-equity ratio of 48.08, a current ratio of 1.96 and a quick ratio of 1.31. The firm’s fifty day simple moving average is C$78.96 and its 200-day simple moving average is C$78.68. The stock has a market capitalization of C$15.37 billion, a P/E ratio of 19.76, a PEG ratio of 0.26 and a beta of 0.60. CCL Industries has a 1-year low of C$64.93 and a 1-year high of C$89.06.

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.