CCL Industries (TSE:CCL.B) Stock Price Target Raised at ATB Cormark Capital Markets

CCL Industries (TSE:CCL.B) had its target price boosted by investment analysts at ATB Cormark Capital Markets from C$110.00 to C$112.00 in a note issued to investors on Thursday, BayStreet reports. The brokerage presently has an “outperform” rating on the stock. ATB Cormark Capital Markets‘s price objective indicates a potential upside of 10.34% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the company. National Bank Financial increased their price target on CCL Industries from C$115.00 to C$119.00 and gave the company an “outperform” rating in a research note on Thursday. Canadian Imperial Bank of Commerce lifted their price objective on CCL Industries from C$104.00 to C$113.00 in a research note on Friday, August 14th. TD set a C$115.00 target price on CCL Industries and gave the company a “buy” rating in a report on Thursday, September 10th. Stifel Nicolaus increased their target price on shares of CCL Industries from C$115.00 to C$120.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Raymond James Financial increased their price objective on shares of CCL Industries from C$100.00 to C$105.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$111.00.

CCL Industries Trading Up 0.2%

TSE CCL.B traded up C$0.21 on Thursday, hitting C$101.50. The company’s stock had a trading volume of 351,056 shares, compared to its average volume of 395,984. The company’s 50-day moving average is C$95.82 and its 200 day moving average is C$90.31. The firm has a market cap of C$17.16 billion, a PE ratio of 21.73, a PEG ratio of 0.26 and a beta of 0.79. CCL Industries has a 1-year low of C$80.46 and a 1-year high of C$109.64. The company has a quick ratio of 1.31, a current ratio of 1.96 and a debt-to-equity ratio of 48.08.

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.