National Bank Financial Issues Positive Forecast for CCL Industries (TSE:CCL.B) Stock Price

CCL Industries (TSE:CCL.B) had its target price raised by stock analysts at National Bank Financial from C$104.00 to C$106.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price target indicates a potential upside of 9.96% from the company’s current price.

CCL.B has been the topic of a number of other reports. Stifel Nicolaus raised their target price on shares of CCL Industries from C$103.00 to C$105.00 and gave the stock a “buy” 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 report on Friday. Canadian Imperial Bank of Commerce lifted their price objective on CCL Industries from C$104.00 to C$113.00 in a research report on Friday. Royal Bank Of Canada upped their target price on CCL Industries from C$99.00 to C$100.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Finally, TD lifted their price target on CCL Industries from C$110.00 to C$115.00 and gave the stock a “buy” rating in a report on Friday. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$106.60.

CCL Industries Price Performance

Shares of TSE:CCL.B traded up C$0.42 during midday trading on Friday, hitting C$96.40. The company’s stock had a trading volume of 203,592 shares, compared to its average volume of 385,215. The company has a market cap of C$16.57 billion, a P/E ratio of 21.09, a price-to-earnings-growth ratio of 0.26 and a beta of 0.95. CCL Industries has a 12-month low of C$74.69 and a 12-month high of C$98.59. The business’s 50 day simple moving average is C$90.17 and its 200 day simple moving average is C$87.96. The company has a debt-to-equity ratio of 48.08, a quick ratio of 1.31 and a current ratio of 1.96.

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.