CCL Industries Inc. (TSE:CCL.B) Stock Has Consensus Price Target of C$106.60 According to Brokerages

CCL Industries Inc. (TSE:CCL.B) has received an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$106.60.

A number of brokerages have commented on CCL.B. BMO Capital Markets raised their price objective on CCL Industries from C$103.00 to C$110.00 in a research report on Friday, August 14th. National Bank Financial lifted their target price on CCL Industries from C$104.00 to C$106.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Royal Bank Of Canada upped their target price on CCL Industries from C$100.00 to C$107.00 and gave the company an “outperform” rating in a report on Friday, August 14th. Canadian Imperial Bank of Commerce increased their price target on shares of CCL Industries from C$104.00 to C$113.00 in a research report on Friday, August 14th. Finally, Raymond James Financial raised their price target on shares of CCL Industries from C$100.00 to C$105.00 and gave the stock an “outperform” rating in a report on Friday, August 14th.

CCL Industries Stock Down 0.3%

TSE:CCL.B opened at C$100.14 on Friday. The firm has a market capitalization of C$16.93 billion, a price-to-earnings ratio of 21.44, a PEG ratio of 0.26 and a beta of 0.79. CCL Industries has a 1-year low of C$77.46 and a 1-year high of C$102.92. The company has a current ratio of 1.96, a quick ratio of 1.31 and a debt-to-equity ratio of 48.08. The business’s fifty day moving average price is C$95.23 and its 200 day moving average price is C$90.05.

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.