CCL Industries (TSE:CCL.B) Price Target Raised to C$102.00 at ATB Cormark Capital Markets

CCL Industries (TSE:CCL.B) had its price target upped by stock analysts at ATB Cormark Capital Markets from C$101.00 to C$102.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ price objective points to a potential upside of 16.40% from the stock’s current price.

Other equities analysts also recently issued reports about the company. Raymond James Financial upped their price target on CCL Industries from C$95.00 to C$100.00 in a research report on Friday, February 27th. National Bank Financial upped their price target on CCL Industries from C$102.00 to C$104.00 and gave the stock an “outperform” rating in a research report on Friday. TD Securities upped their price target on CCL Industries from C$100.00 to C$105.00 in a research report on Wednesday, January 21st. Stifel Nicolaus upped their target price on CCL Industries from C$103.00 to C$105.00 and gave the company a “buy” rating in a research report on Friday. Finally, Scotiabank downgraded CCL Industries from an “outperform” rating to a “sector perform” rating and upped their target price for the company from C$94.00 to C$96.00 in a research report on Thursday, January 29th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$101.80.

CCL Industries Stock Up 0.6%

Shares of CCL.B stock traded up C$0.51 during trading hours on Friday, reaching C$87.63. 407,678 shares of the company’s stock were exchanged, compared to its average volume of 353,394. The stock’s 50 day moving average is C$86.45 and its 200-day moving average is C$85.65. The company has a market cap of C$15.17 billion, a price-to-earnings ratio of 19.18, a P/E/G ratio of 0.26 and a beta of 0.90. The company has a current ratio of 1.96, a quick ratio of 1.31 and a debt-to-equity ratio of 48.08. CCL Industries has a fifty-two week low of C$74.69 and a fifty-two week high of C$95.00.

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.