CCL Industries (TSE:CCL.B) Given a C$115.00 Price Target by TD Analysts

CCL Industries (TSE:CCL.B) received a C$115.00 target price from research analysts at TD in a research report issued on Thursday, BayStreet reports. The brokerage presently has a “buy” rating on the stock. TD’s target price points to a potential upside of 26.14% from the stock’s current price.

Several other equities analysts also recently commented on the stock. Canadian Imperial Bank of Commerce increased their target price on shares of CCL Industries from C$104.00 to C$113.00 in a research report on Friday, August 14th. Stifel Nicolaus upped their price target on CCL Industries from C$103.00 to C$105.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. National Bank Financial increased their price objective on CCL Industries from C$104.00 to C$106.00 and gave the company an “outperform” rating in a report on Friday, August 14th. Raymond James Financial boosted their target price on CCL Industries from C$100.00 to C$105.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Finally, ATB Cormark Capital Markets upped their target price on CCL Industries from C$102.00 to C$104.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$106.60.

CCL Industries Stock Down 0.6%

Shares of CCL.B traded down C$0.51 during mid-day trading on Thursday, hitting C$91.17. 236,802 shares of the company’s stock were exchanged, compared to its average volume of 387,217. The stock has a market cap of C$15.41 billion, a price-to-earnings ratio of 19.52, a P/E/G ratio of 0.26 and a beta of 0.90. The firm has a fifty day moving average of C$92.63 and a two-hundred day moving average of C$89.09. The company has a quick ratio of 1.31, a current ratio of 1.96 and a debt-to-equity ratio of 48.08. CCL Industries has a twelve month low of C$74.69 and a twelve month 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.