CCL Industries (TSE:CCL.B) Price Target Cut to C$69.00

CCL Industries (TSE:CCL.B) had its price target reduced by CIBC from C$70.00 to C$69.00 in a report issued on Monday morning, BayStreet.CA reports.

Other equities research analysts also recently issued research reports about the stock. TD Securities raised their price objective on shares of CCL Industries from C$58.00 to C$60.00 and gave the stock a hold rating in a research note on Thursday, May 16th. Royal Bank of Canada lowered their price objective on shares of CCL Industries from C$73.00 to C$71.00 and set an outperform rating on the stock in a research note on Friday, August 9th. Finally, BMO Capital Markets raised their price objective on shares of CCL Industries from C$68.00 to C$70.00 in a research note on Friday, August 9th.

TSE:CCL.B opened at C$58.51 on Monday. CCL Industries has a 12 month low of C$47.32 and a 12 month high of C$68.49. The firm has a market cap of $9.65 billion and a price-to-earnings ratio of 22.17. The company has a quick ratio of 1.29, a current ratio of 1.79 and a debt-to-equity ratio of 94.55. The company’s 50 day moving average is C$65.02 and its 200-day moving average is C$59.46.

About CCL Industries

CCL Industries Inc manufactures and sells labels, containers, consumer printable media products, technology driven label solutions, polymer bank note substrates, and specialty films. The company operates through four segments: CCL, Avery, Checkpoint, and Innovia. The CCL segment offers pressure sensitive and specialty extruded film materials for decorative, instructional, functional, and security applications in the consumer packaging, healthcare, chemicals, consumer electronic device, and automotive markets.

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