CCL Industries (TSE:CCL.B) Given New C$113.00 Price Target at Canadian Imperial Bank of Commerce

CCL Industries (TSE:CCL.B) had its price objective raised by analysts at Canadian Imperial Bank of Commerce from C$104.00 to C$113.00 in a report released on Friday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s price target points to a potential upside of 17.15% from the company’s current price.

CCL.B has been the topic of several other reports. TD raised their target price on shares of CCL Industries from C$105.00 to C$110.00 and gave the stock a “buy” rating in a report on Friday, May 15th. ATB Cormark Capital Markets boosted their price target on CCL Industries from C$101.00 to C$102.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. BMO Capital Markets increased their price target on CCL Industries from C$103.00 to C$110.00 in a research report on Friday. Royal Bank Of Canada raised their price objective on CCL Industries from C$99.00 to C$100.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Finally, Stifel Nicolaus lifted their price objective on CCL Industries from C$103.00 to C$105.00 and gave the company a “buy” rating in a report on Friday, May 15th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, CCL Industries has a consensus rating of “Moderate Buy” and an average price target of C$106.60.

CCL Industries Stock Performance

CCL Industries stock traded up C$0.48 during midday trading on Friday, hitting C$96.46. The company’s stock had a trading volume of 200,240 shares, compared to its average volume of 385,215. CCL Industries has a 1-year low of C$74.69 and a 1-year high of C$98.59. The company has a debt-to-equity ratio of 48.08, a current ratio of 1.96 and a quick ratio of 1.31. The company has a 50-day moving average price of C$90.17 and a two-hundred day moving average price of C$87.96. The company has a market cap of C$16.58 billion, a price-to-earnings ratio of 21.11, a PEG ratio of 0.26 and a beta of 0.95.

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.