Raymond James Financial Increases CCL Industries (TSE:CCL.B) Price Target to C$100.00

CCL Industries (TSE:CCL.B) had its target price raised by Raymond James Financial from C$95.00 to C$100.00 in a research report issued on Friday,BayStreet.CA reports. Raymond James Financial’s price target points to a potential upside of 6.67% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. BMO Capital Markets increased their target price on CCL Industries from C$95.00 to C$97.00 in a report on Thursday, November 13th. Scotiabank cut shares of CCL Industries from an “outperform” rating to a “sector perform” rating and raised their target price for the company from C$94.00 to C$96.00 in a research note on Thursday, January 29th. Stifel Nicolaus boosted their target price on shares of CCL Industries from C$92.00 to C$103.00 in a report on Thursday, November 13th. TD Securities raised their target price on shares of CCL Industries from C$100.00 to C$105.00 in a report on Wednesday, January 21st. Finally, Canadian Imperial Bank of Commerce upped their price target on CCL Industries from C$93.00 to C$99.00 in a report on Friday, November 14th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$99.25.

CCL Industries Stock Up 5.6%

TSE:CCL.B traded up C$4.96 during trading hours on Friday, hitting C$93.75. The stock had a trading volume of 304,349 shares, compared to its average volume of 320,008. The company has a market cap of C$16.24 billion, a PE ratio of 20.42, a price-to-earnings-growth ratio of 0.26 and a beta of 0.45. The business has a 50 day simple moving average of C$86.61 and a two-hundred day simple moving average of C$82.90. The company has a current ratio of 1.96, a quick ratio of 1.31 and a debt-to-equity ratio of 48.08. CCL Industries has a 1-year low of C$64.93 and a 1-year high of C$93.84.

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.