CIBC Issues Positive Forecast for CCL Industries (TSE:CCL.B) Stock Price

CCL Industries (TSE:CCL.B) had its price objective upped by equities research analysts at CIBC from C$93.00 to C$99.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. CIBC’s price target points to a potential upside of 12.95% from the stock’s current price.

Several other equities analysts have also recently issued reports on CCL.B. TD Securities upped their price objective on CCL Industries from C$95.00 to C$100.00 in a research report on Thursday. Stifel Nicolaus increased their price objective on CCL Industries from C$92.00 to C$103.00 in a research report on Thursday. Royal Bank Of Canada boosted their target price on CCL Industries from C$90.00 to C$94.00 in a research report on Thursday. Scotiabank raised their price target on shares of CCL Industries from C$91.00 to C$94.00 in a report on Thursday. Finally, Raymond James Financial boosted their price objective on shares of CCL Industries from C$90.00 to C$95.00 in a report on Thursday. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, CCL Industries has a consensus rating of “Buy” and an average price target of C$97.25.

CCL Industries Stock Up 0.2%

CCL.B stock traded up C$0.16 during trading on Friday, hitting C$87.65. 509,204 shares of the stock traded hands, compared to its average volume of 297,982. 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 stock has a market cap of C$15.18 billion, a price-to-earnings ratio of 19.10, a price-to-earnings-growth 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. The firm’s 50 day moving average is C$79.07 and its two-hundred day moving average is C$78.74.

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.