CCL Industries (TSE:CCL.B) Price Target Raised to C$103.00 at Stifel Nicolaus

CCL Industries (TSE:CCL.B) had its price objective increased by equities researchers at Stifel Nicolaus from C$92.00 to C$103.00 in a research note issued on Thursday,BayStreet.CA reports. Stifel Nicolaus’ price target would indicate a potential upside of 16.85% from the stock’s current price.

A number of other equities analysts have also recently issued reports on the stock. BMO Capital Markets increased their price objective on shares of CCL Industries from C$91.00 to C$95.00 in a research note on Friday, August 15th. TD Securities raised their target price on CCL Industries from C$95.00 to C$100.00 in a research note on Thursday. Finally, National Bankshares lifted their price target on CCL Industries from C$94.00 to C$96.00 and gave the company an “outperform” rating in a report on Friday, August 15th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$95.88.

CCL Industries Stock Performance

Shares of TSE CCL.B traded up C$0.78 during trading hours on Thursday, hitting C$88.15. 287,012 shares of the company’s stock were exchanged, compared to its average volume of 294,586. CCL Industries has a 1-year low of C$64.93 and a 1-year high of C$89.06. The stock has a market capitalization of C$15.37 billion, a price-to-earnings ratio of 19.76, a PEG ratio of 0.26 and a beta of 0.60. The company’s 50-day moving average price is C$78.96 and its 200-day moving average price is C$78.68. 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.