CCL Industries (TSE:CCL.B) Price Target Raised to C$112.00

CCL Industries (TSE:CCL.B) had its price objective increased by equities research analysts at Royal Bank Of Canada from C$107.00 to C$112.00 in a research report issued to clients and investors on Thursday, BayStreet reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada‘s target price points to a potential upside of 10.34% from the company’s previous close.

Several other brokerages also recently weighed in on CCL.B. Canadian Imperial Bank of Commerce boosted their target price on shares of CCL Industries from C$104.00 to C$113.00 in a research note on Friday, August 14th. BMO Capital Markets raised their price target on shares of CCL Industries from C$103.00 to C$110.00 in a research note on Friday, August 14th. TD set a C$115.00 price target on shares of CCL Industries and gave the stock a “buy” rating in a research note on Thursday, September 10th. National Bank Financial lifted their price target on shares of CCL Industries from C$115.00 to C$119.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, ATB Cormark Capital Markets boosted their price objective on shares of CCL Industries from C$102.00 to C$104.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$111.00.

CCL Industries Price Performance

Shares of CCL.B traded up C$0.21 during trading hours on Thursday, reaching C$101.50. 351,056 shares of the company traded hands, compared to its average volume of 395,984. The company has a quick ratio of 1.31, a current ratio of 1.96 and a debt-to-equity ratio of 48.08. The stock has a market capitalization of C$17.16 billion, a PE ratio of 21.73, a price-to-earnings-growth ratio of 0.26 and a beta of 0.79. CCL Industries has a fifty-two week low of C$80.46 and a fifty-two week high of C$109.64. The stock has a fifty day simple moving average of C$95.82 and a 200 day simple moving average of C$90.31.

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.