CCL Industries (TSE:CCL.B) Price Target Raised to C$100.00

CCL Industries (TSE:CCL.B) had its price target hoisted by National Bankshares from C$97.00 to C$100.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other brokerages have also recently commented on CCL.B. Canadian Imperial Bank of Commerce boosted their target price on shares of CCL Industries from C$93.00 to C$99.00 in a research report on Friday, November 14th. Scotiabank downgraded shares of CCL Industries from an “outperform” rating to a “sector perform” rating and boosted their price objective for the company from C$94.00 to C$96.00 in a research report on Thursday, January 29th. Stifel Nicolaus upped their target price on CCL Industries from C$92.00 to C$103.00 in a research note on Thursday, November 13th. Raymond James Financial lifted their price target on CCL Industries from C$90.00 to C$95.00 in a research note on Thursday, November 13th. Finally, TD Securities boosted their price target on CCL Industries from C$100.00 to C$105.00 in a report on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$98.63.

CCL Industries Stock Up 1.3%

CCL.B stock opened at C$85.91 on Thursday. CCL Industries has a 52 week low of C$64.93 and a 52 week high of C$89.16. The business has a 50-day simple moving average of C$85.52 and a 200 day simple moving average of C$81.98. The company has a quick ratio of 1.31, a current ratio of 1.96 and a debt-to-equity ratio of 48.08. The company has a market cap of C$14.88 billion, a PE ratio of 18.72, a price-to-earnings-growth ratio of 0.26 and a beta of 0.45.

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.