TD Securities Forecasts Strong Price Appreciation for CCL Industries (TSE:CCL.B) Stock

CCL Industries (TSE:CCL.B) had its price target hoisted by research analysts at TD Securities from C$100.00 to C$105.00 in a research report issued on Wednesday,BayStreet.CA reports. TD Securities’ target price indicates a potential upside of 20.27% from the company’s previous close.

CCL.B has been the topic of several other reports. Royal Bank Of Canada raised their target price on CCL Industries from C$90.00 to C$94.00 in a research report on Thursday, November 13th. BMO Capital Markets upped their price objective on shares of CCL Industries from C$95.00 to C$97.00 in a report on Thursday, November 13th. Scotiabank raised their target price on shares of CCL Industries from C$91.00 to C$94.00 in a research note on Thursday, November 13th. Raymond James Financial upped their price target on shares of CCL Industries from C$90.00 to C$95.00 in a research note on Thursday, November 13th. Finally, CIBC raised their price objective on shares of CCL Industries from C$93.00 to C$99.00 in a research note on Friday, November 14th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of C$97.88.

CCL Industries Stock Performance

TSE CCL.B traded up C$1.61 on Wednesday, hitting C$87.30. The stock had a trading volume of 121,624 shares, compared to its average volume of 222,370. The company’s 50-day moving average is C$85.55 and its two-hundred day moving average is C$81.50. The stock has a market cap of C$15.12 billion, a price-to-earnings ratio of 19.02, a P/E/G ratio of 0.26 and a beta of 0.57. 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 one year low of C$64.93 and a one year high of C$89.11.

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.