Stifel Nicolaus Issues Positive Forecast for CCL Industries (TSE:CCL.B) Stock Price

CCL Industries (TSE:CCL.B) had its price objective increased by stock analysts at Stifel Nicolaus from C$115.00 to C$120.00 in a report released on Thursday, BayStreet reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus‘s price target would indicate a potential upside of 18.23% from the company’s current price.

A number of other brokerages have also recently issued reports on CCL.B. BMO Capital Markets increased their target price on shares of CCL Industries from C$103.00 to C$110.00 in a research report on Friday, August 14th. Raymond James Financial boosted their price target on shares of CCL Industries from C$100.00 to C$105.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Royal Bank Of Canada upped their price objective on shares of CCL Industries from C$107.00 to C$112.00 and gave the stock an “outperform” rating in a research note on Thursday. Canadian Imperial Bank of Commerce raised their price objective on shares of CCL Industries from C$104.00 to C$113.00 in a report on Friday, August 14th. Finally, ATB Cormark Capital Markets lifted their target price on shares of CCL Industries from C$102.00 to C$104.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, CCL Industries has an average rating of “Moderate Buy” and an average price target of C$111.00.

CCL Industries Price Performance

Shares of TSE CCL.B traded up C$0.21 during midday trading on Thursday, reaching C$101.50. 351,056 shares of the company traded hands, compared to its average volume of 395,984. CCL Industries has a 12 month low of C$80.46 and a 12 month high of C$109.64. The company has a debt-to-equity ratio of 48.08, a quick ratio of 1.31 and a current ratio of 1.96. The stock’s 50-day simple moving average is C$95.82 and its 200-day simple moving average is C$90.31. The firm has a market cap of C$17.16 billion, a PE ratio of 21.73, a PEG ratio of 0.26 and a beta of 0.79.

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.