Raymond James Financial Forecasts Strong Price Appreciation for CCL Industries (TSE:CCL.B) Stock

CCL Industries (TSE:CCL.B) had its price objective upped by stock analysts at Raymond James Financial from C$95.00 to C$100.00 in a report issued on Friday,BayStreet.CA reports. Raymond James Financial’s price objective would indicate a potential upside of 6.67% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. Canadian Imperial Bank of Commerce increased their target price on shares of CCL Industries from C$93.00 to C$99.00 in a report on Friday, November 14th. Stifel Nicolaus upped their price target on CCL Industries from C$92.00 to C$103.00 in a report on Thursday, November 13th. BMO Capital Markets raised their target price on shares of CCL Industries from C$95.00 to C$97.00 in a report on Thursday, November 13th. Scotiabank cut shares of CCL Industries from an “outperform” rating to a “sector perform” rating and lifted their price objective for the stock from C$94.00 to C$96.00 in a research report on Thursday, January 29th. Finally, TD Securities increased their target price on CCL Industries from C$100.00 to C$105.00 in a report on Wednesday, January 21st. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$99.25.

CCL Industries Trading Up 5.6%

Shares of CCL Industries stock traded up C$4.96 on Friday, reaching C$93.75. The company had a trading volume of 304,349 shares, compared to its average volume of 320,008. The company has a debt-to-equity ratio of 48.08, a quick ratio of 1.31 and a current ratio of 1.96. The firm has a market cap of C$16.24 billion, a PE ratio of 20.42, a PEG ratio of 0.26 and a beta of 0.45. The firm’s 50 day moving average price is C$86.61 and its two-hundred day moving average price is C$82.90. CCL Industries has a 52-week low of C$64.93 and a 52-week high of C$93.84.

About CCL Industries

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.