Brokerages Set CCL Industries Inc. (TSE:CCL.B) PT at C$101.80

CCL Industries Inc. (TSE:CCL.B) has earned an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$101.80.

Several equities research analysts have commented on CCL.B shares. ATB Cormark Capital Markets upped their price objective on shares of CCL Industries from C$101.00 to C$102.00 and gave the company an “outperform” rating in a report on Friday, May 15th. TD lifted their target price on shares of CCL Industries from C$105.00 to C$110.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. National Bank Financial boosted their price target on shares of CCL Industries from C$102.00 to C$104.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Stifel Nicolaus raised their price objective on shares of CCL Industries from C$103.00 to C$105.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Finally, Royal Bank Of Canada lifted their price objective on shares of CCL Industries from C$99.00 to C$100.00 and gave the company an “outperform” rating in a research note on Friday, May 15th.

CCL Industries Trading Up 2.2%

TSE CCL.B opened at C$95.01 on Wednesday. The business’s fifty day moving average is C$89.11 and its 200-day moving average is C$87.63. 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 stock has a market capitalization of C$16.33 billion, a price-to-earnings ratio of 20.79, a PEG ratio of 0.26 and a beta of 0.93. CCL Industries has a one year low of C$74.69 and a one year high of C$95.04.

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.