CCL Industries Inc. (TSE:CCL.B) Stock Has Average Price Target of C$106.60

CCL Industries Inc. (TSE:CCL.B) has earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$106.60.

A number of analysts recently commented on the company. Raymond James Financial increased their price objective on CCL Industries from C$100.00 to C$105.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Canadian Imperial Bank of Commerce upped their price objective on shares of CCL Industries from C$104.00 to C$113.00 in a research note on Friday, August 14th. Royal Bank Of Canada increased their price objective on shares of CCL Industries from C$100.00 to C$107.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. BMO Capital Markets increased their price objective on shares of CCL Industries from C$103.00 to C$110.00 in a report on Friday, August 14th. Finally, TD set a C$115.00 target price on shares of CCL Industries and gave the stock a “buy” rating in a research report on Thursday, September 10th.

CCL Industries Stock Performance

Shares of CCL.B opened at C$95.79 on Monday. CCL Industries has a 12-month low of C$74.69 and a 12-month high of C$98.59. The company has a current ratio of 1.96, a quick ratio of 1.31 and a debt-to-equity ratio of 48.08. The company has a 50-day moving average of C$93.93 and a two-hundred day moving average of C$90.18. The stock has a market cap of C$16.19 billion, a P/E ratio of 20.51, a PEG ratio of 0.26 and a beta of 0.84.

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.