Brokerages Set CCL Industries Inc. (TSE:CCL.B) Price Target at C$101.80

CCL Industries Inc. (TSE:CCL.B) has received a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$101.80.

Several research firms have recently issued reports on CCL.B. National Bank Financial increased their target price on shares of CCL Industries from C$102.00 to C$104.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Stifel Nicolaus lifted their price target on CCL Industries from C$103.00 to C$105.00 and gave the company a “buy” rating in a research note on Friday, May 15th. ATB Cormark Capital Markets upped their price target on CCL Industries from C$101.00 to C$102.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. TD increased their price target on CCL Industries from C$105.00 to C$110.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Finally, Royal Bank Of Canada raised their price objective 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.

CCL Industries Stock Performance

CCL.B stock traded up C$0.51 during midday trading on Friday, hitting C$90.09. 359,301 shares of the stock traded hands, compared to its average volume of 389,231. CCL Industries has a 1-year low of C$74.69 and a 1-year high of C$95.00. 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 stock’s fifty day simple moving average is C$87.38 and its 200-day simple moving average is C$87.10. The firm has a market cap of C$15.48 billion, a P/E ratio of 19.71, a PEG ratio of 0.26 and a beta of 0.93.

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.