CCL Industries (TSE:CCL.B) Given New C$107.00 Price Target at Royal Bank Of Canada

CCL Industries (TSE:CCL.B) had its target price lifted by research analysts at Royal Bank Of Canada from C$100.00 to C$107.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective points to a potential upside of 11.00% from the stock’s current price.

Other research analysts have also recently issued reports about the company. BMO Capital Markets upped their price objective on CCL Industries from C$103.00 to C$110.00 in a research report on Friday. Canadian Imperial Bank of Commerce boosted their target price on CCL Industries from C$104.00 to C$113.00 in a research note on Friday. ATB Cormark Capital Markets upped their price target on CCL Industries from C$102.00 to C$104.00 and gave the stock an “outperform” rating in a research report on Friday. TD boosted their price objective on shares of CCL Industries from C$110.00 to C$115.00 and gave the stock a “buy” rating in a research report on Friday. Finally, National Bank Financial boosted their price objective on shares of CCL Industries from C$104.00 to C$106.00 and gave the stock an “outperform” rating in a research report on Friday. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, CCL Industries currently has an average rating of “Moderate Buy” and an average price target of C$106.60.

CCL Industries Stock Up 0.4%

CCL.B traded up C$0.42 during trading on Friday, hitting C$96.40. The company had a trading volume of 203,592 shares, compared to its average volume of 385,215. The company has a market capitalization of C$16.57 billion, a PE ratio of 21.09, a PEG ratio of 0.26 and a beta of 0.95. 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$74.69 and a one year high of C$98.59. The firm’s 50-day moving average price is C$90.17 and its 200 day moving average price is C$87.96.

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.