CCL Industries (TSE:CCL.B) Price Target Raised to C$120.00

CCL Industries (TSE:CCL.B) had its price objective increased by Stifel Nicolaus from C$115.00 to C$120.00 in a research note published on Thursday morning,BayStreet reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other brokerages have also recently commented on CCL.B. Canadian Imperial Bank of Commerce increased their target price on CCL Industries from C$104.00 to C$113.00 in a report on Friday, August 14th. TD set a C$115.00 price target on CCL Industries and gave the stock a “buy” rating in a report on Thursday, September 10th. Raymond James Financial upped their price objective on CCL Industries from C$100.00 to C$105.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. ATB Cormark Capital Markets upped their price objective on CCL Industries from C$102.00 to C$104.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Finally, BMO Capital Markets increased their price objective on CCL Industries from C$103.00 to C$110.00 in a research note on Friday, August 14th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, CCL Industries presently has an average rating of “Moderate Buy” and an average target price of C$111.00.

CCL Industries Trading Up 0.6%

Shares of CCL Industries stock opened at C$101.76 on Thursday. CCL Industries has a 1 year low of C$80.46 and a 1 year high of C$109.64. 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 business has a 50 day moving average price of C$96.17 and a 200 day moving average price of C$90.45. The company has a market capitalization of C$17.20 billion, a P/E ratio of 21.79, a P/E/G ratio of 0.26 and a beta of 0.79.

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.