CCL Industries (TSE:CCL.B) Given New C$105.00 Price Target at Raymond James Financial

CCL Industries (TSE:CCL.B) had its price target raised by Raymond James Financial from C$100.00 to C$105.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

CCL.B has been the subject of a number of other research reports. Royal Bank Of Canada boosted their price objective on CCL Industries from C$100.00 to C$107.00 and gave the company an “outperform” rating in a report on Friday. Stifel Nicolaus boosted their price target on CCL Industries from C$103.00 to C$105.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. ATB Cormark Capital Markets lifted their price objective on shares of CCL Industries from C$102.00 to C$104.00 and gave the company an “outperform” rating in a research note on Friday. TD lifted their price objective on shares of CCL Industries from C$110.00 to C$115.00 and gave the company a “buy” rating in a report on Friday. Finally, Canadian Imperial Bank of Commerce raised their price objective on CCL Industries from C$104.00 to C$113.00 in a report on Friday. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, CCL Industries presently has an average rating of “Moderate Buy” and an average price target of C$106.60.

CCL Industries Trading Up 0.5%

Shares of CCL.B opened at C$96.50 on Friday. The company’s fifty day moving average is C$90.43 and its 200 day moving average is C$88.02. The company has a debt-to-equity ratio of 48.08, a quick ratio of 1.31 and a current ratio of 1.96. The stock has a market capitalization of C$16.31 billion, a PE ratio of 20.66, a P/E/G ratio of 0.26 and a beta of 0.95. CCL Industries has a fifty-two week low of C$74.69 and a fifty-two week high of C$98.59.

Key Stories Impacting CCL Industries

Here are the key news stories impacting CCL Industries this week:

• Positive Sentiment: Multiple analysts raised price targets and maintained bullish ratings. Raymond James increased its target to C$105 and assigned an “outperform” rating; RBC raised its target to C$107 with an “outperform” rating; National Bank lifted its target to C$106 and also rated the shares “outperform.” ATB Cormark raised its target to C$104 and maintained an “outperform” view. BayStreet.CA analyst ratings
• Positive Sentiment: Additional target increases point to significant perceived upside. CIBC raised its target from C$104 to C$113, BMO increased its target to C$110, and TD lifted its target to C$115 while upgrading or maintaining a “buy” stance. The revised targets imply approximately 7.6% to 19.0% upside based on the referenced share price, signaling stronger analyst confidence in CCL’s earnings outlook and valuation potential. TickerReport analyst ratings BayStreet.CA analyst ratings
• Positive Sentiment: CCL Industries declared a C$0.36 dividend. The dividend announcement adds to the stock’s appeal for income-focused investors and may reinforce confidence in the company’s cash-generation capacity, although the provided report does not specify the record or payment dates. CCL Industries declares C$0.36 dividend

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.