National Bank Financial Issues Positive Forecast for CCL Industries (TSE:CCL.B) Stock Price

CCL Industries (TSE:CCL.B) had its price objective increased by investment analysts at National Bank Financial from C$100.00 to C$102.00 in a research note issued on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s target price suggests a potential upside of 19.01% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. Scotiabank lowered shares of CCL Industries from an “outperform” rating to a “sector perform” rating and increased their price objective for the company from C$94.00 to C$96.00 in a research note on Thursday, January 29th. TD Securities raised their target price on CCL Industries from C$100.00 to C$105.00 in a research report on Wednesday, January 21st. Finally, Raymond James Financial upped their price target on shares of CCL Industries from C$95.00 to C$100.00 in a research note on Friday, February 27th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$99.50.

CCL Industries Stock Down 0.8%

Shares of TSE CCL.B traded down C$0.65 during mid-day trading on Tuesday, reaching C$85.71. 109,813 shares of the company’s stock traded hands, compared to its average volume of 354,043. The stock has a market cap of C$14.85 billion, a P/E ratio of 18.75, a PEG ratio of 0.26 and a beta of 0.80. The business has a 50-day simple moving average of C$87.11 and a 200 day simple moving average of C$83.56. CCL Industries has a 1-year low of C$64.93 and a 1-year high of C$95.00. The company has a debt-to-equity ratio of 48.08, a current ratio of 1.96 and a quick ratio of 1.31.

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.