CCL Industries (OTCMKTS:CCDBF) PT Raised to $81.00


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CCL Industries (OTCMKTS:CCDBF) had its price target upped by investment analysts at CIBC from $75.00 to $81.00 in a report released on Monday, The Fly reports. The firm currently has an “outperform” rating on the stock. CIBC’s price target suggests a potential upside of 38.33% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. Royal Bank of Canada increased their target price on shares of CCL Industries from $77.00 to $80.00 and gave the stock an “outperform” rating in a research report on Friday, February 26th. TD Securities raised their price objective on shares of CCL Industries from $68.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, February 26th. Raymond James raised their price objective on shares of CCL Industries from $65.00 to $75.00 and gave the company an “outperform” rating in a research report on Monday, March 1st. BMO Capital Markets raised their price objective on shares of CCL Industries from $68.00 to $78.00 and gave the company an “outperform” rating in a research report on Friday, February 26th. Finally, Scotiabank raised their price objective on shares of CCL Industries from $72.00 to $77.00 and gave the company an “outperform” rating in a research report on Friday, February 26th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the stock. CCL Industries currently has an average rating of “Buy” and a consensus target price of $72.25.

Shares of CCL Industries stock opened at $58.56 on Monday. The company has a 50-day simple moving average of $56.10 and a 200 day simple moving average of $49.09. CCL Industries has a 12-month low of $28.23 and a 12-month high of $58.56.

CCL Industries Company Profile

CCL Industries Inc manufactures and sells labels, consumer printable media products, technology driven label solutions, polymer bank note substrates, and specialty films. The company operates through four segments: CCL, Avery, Checkpoint, and Innovia. The CCL segment offers pressure sensitive and extruded film materials for decorative, instructional, security, and functional applications in the consumer packaging, healthcare, chemicals, consumer durables, electronic device, and automotive markets.

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Analyst Recommendations for CCL Industries (OTCMKTS:CCDBF)

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