CCL Industries (TSE:CCL.B) Price Target Raised to C$115.00

CCL Industries (TSE:CCL.B) had its price target hoisted by equities research analysts at TD from C$110.00 to C$115.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD’s target price would indicate a potential upside of 19.22% from the stock’s current price.

CCL.B has been the topic of several other reports. Royal Bank Of Canada raised their price objective on shares of CCL Industries from C$99.00 to C$100.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Stifel Nicolaus raised their price target on CCL Industries from C$103.00 to C$105.00 and gave the company a “buy” rating in a report on Friday, May 15th. ATB Cormark Capital Markets boosted their price objective on CCL Industries from C$101.00 to C$102.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. National Bank Financial increased 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, May 15th. Finally, Canadian Imperial Bank of Commerce boosted their price target on CCL Industries from C$104.00 to C$113.00 in a report on Friday. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$106.60.

CCL Industries Price Performance

TSE:CCL.B traded up C$0.48 during trading hours on Friday, hitting C$96.46. 200,240 shares of the stock traded hands, compared to its average volume of 385,215. 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 1 year low of C$74.69 and a 1 year high of C$98.59. The company has a market cap of C$16.58 billion, a price-to-earnings ratio of 21.11, a price-to-earnings-growth ratio of 0.26 and a beta of 0.95. The stock has a 50 day moving average price of C$90.17 and a 200 day moving average price of C$87.96.

About CCL Industries

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.