CCL Industries (TSE:CCL.B) Price Target Raised to C$94.00

CCL Industries (TSE:CCL.B) had its target price increased by stock analysts at Royal Bank Of Canada from C$90.00 to C$94.00 in a report issued on Thursday,BayStreet.CA reports. Royal Bank Of Canada’s price target indicates a potential upside of 6.64% from the stock’s previous close.

A number of other research firms also recently issued reports on CCL.B. Scotiabank boosted their price target on CCL Industries from C$91.00 to C$94.00 in a research note on Thursday. National Bankshares increased their target price on shares of CCL Industries from C$94.00 to C$96.00 and gave the stock an “outperform” rating in a report on Friday, August 15th. Stifel Nicolaus upped their price target on shares of CCL Industries from C$92.00 to C$103.00 in a research report on Thursday. BMO Capital Markets raised their price objective on shares of CCL Industries from C$91.00 to C$95.00 in a research report on Friday, August 15th. Finally, TD Securities upped their target price on shares of CCL Industries from C$95.00 to C$100.00 in a report on Thursday. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, CCL Industries currently has an average rating of “Buy” and an average target price of C$95.88.

CCL Industries Stock Performance

TSE:CCL.B traded up C$0.78 during mid-day trading on Thursday, reaching C$88.15. The company’s stock had a trading volume of 287,012 shares, compared to its average volume of 294,586. The company has a current ratio of 1.96, a quick ratio of 1.31 and a debt-to-equity ratio of 48.08. The stock has a market cap of C$15.37 billion, a P/E ratio of 19.76, a PEG ratio of 0.26 and a beta of 0.60. The firm’s fifty day moving average price is C$78.96 and its two-hundred day moving average price is C$78.68. CCL Industries has a 12-month low of C$64.93 and a 12-month high of C$89.06.

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.