CCL Industries (TSE:CCL.A) Price Target Raised to C$115.00

CCL Industries (TSE:CCL.A) had its price objective lifted by National Bank Financial from C$106.00 to C$115.00 in a report released on Wednesday morning,BayStreet reports. They currently have an outperform rating on the stock.

CCL Industries Stock Performance

TSE:CCL.A opened at C$95.49 on Wednesday. The company has a current ratio of 1.96, a quick ratio of 1.31 and a debt-to-equity ratio of 48.08. CCL Industries has a 12-month low of C$81.49 and a 12-month high of C$97.12. The stock has a 50-day moving average price of C$94.16 and a 200 day moving average price of C$89.65. The stock has a market capitalization of C$16.14 billion, a P/E ratio of 20.45 and a beta of 0.36.

CCL Industries (TSE:CCL.A) last issued its earnings results on Wednesday, August 12th. The company reported C$1.35 earnings per share (EPS) for the quarter. CCL Industries had a return on equity of 14.28% and a net margin of 9.80%. The company had revenue of C$2.11 billion for the quarter. Equities research analysts forecast that CCL Industries will post 4.64 EPS for the current fiscal year.

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.