CCL Industries (TSE:CCL.B) Price Target Raised to C$105.00

CCL Industries (TSE:CCL.B) had its price target upped by Stifel Nicolaus from C$103.00 to C$105.00 in a report issued on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 19.82% from the stock’s current price.

A number of other equities analysts also recently weighed in on the stock. TD Securities boosted their price target on shares of CCL Industries from C$100.00 to C$105.00 in a report on Wednesday, January 21st. National Bank Financial boosted their price target on shares of CCL Industries from C$102.00 to C$104.00 and gave the stock an “outperform” rating in a report on Friday. TD upped their price target on CCL Industries from C$105.00 to C$110.00 and gave the company a “buy” rating in a research report on Friday. Scotiabank cut CCL Industries from an “outperform” rating to a “sector perform” rating and upped their price target for the company from C$94.00 to C$96.00 in a research report on Thursday, January 29th. Finally, Raymond James Financial upped their price target on CCL Industries from C$95.00 to C$100.00 in a research report on Friday, February 27th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$101.80.

CCL Industries Stock Up 0.6%

CCL Industries stock traded up C$0.51 during mid-day trading on Friday, reaching C$87.63. The stock had a trading volume of 407,678 shares, compared to its average volume of 353,394. The firm has a market capitalization of C$15.17 billion, a PE ratio of 19.18, a price-to-earnings-growth ratio of 0.26 and a beta of 0.90. The company has a debt-to-equity ratio of 48.08, a quick ratio of 1.31 and a current ratio of 1.96. CCL Industries has a fifty-two week low of C$74.69 and a fifty-two week high of C$95.00. The stock’s 50-day simple moving average is C$86.45 and its 200-day simple moving average is C$85.65.

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.