Stifel Nicolaus Forecasts Strong Price Appreciation for CCL Industries (TSE:CCL.B) Stock

CCL Industries (TSE:CCL.B) had its price objective hoisted by investment analysts at Stifel Nicolaus from C$92.00 to C$103.00 in a report issued on Thursday,BayStreet.CA reports. Stifel Nicolaus’ price objective would suggest a potential upside of 16.85% from the stock’s current price.

A number of other research firms also recently commented on CCL.B. TD Securities increased their price objective on shares of CCL Industries from C$95.00 to C$100.00 in a research note on Thursday. National Bankshares boosted their price target on CCL Industries from C$94.00 to C$96.00 and gave the stock an “outperform” rating in a research report on Friday, August 15th. Finally, BMO Capital Markets increased their price objective on CCL Industries from C$91.00 to C$95.00 in a report on Friday, August 15th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$95.88.

CCL Industries Stock Up 0.9%

TSE CCL.B traded up C$0.78 during trading on Thursday, hitting 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 market capitalization of C$15.37 billion, a PE ratio of 19.76, a P/E/G ratio of 0.26 and a beta of 0.60. CCL Industries has a 12 month low of C$64.93 and a 12 month high of C$89.06. The company’s 50-day moving average price is C$78.96 and its two-hundred day moving average price is C$78.68. 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 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.