CCL Industries (TSE:CCL.B) Stock Price Expected to Rise, National Bank Financial Analyst Says

CCL Industries (TSE:CCL.B) had its price objective increased by research analysts at National Bank Financial from C$115.00 to C$119.00 in a report issued on Thursday, BayStreet reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial‘s target price would indicate a potential upside of 17.24% from the stock’s current price.

A number of other analysts have also recently weighed in on CCL.B. Royal Bank Of Canada raised their price target on shares of CCL Industries from C$100.00 to C$107.00 and gave the company an “outperform” rating in a report on Friday, August 14th. Raymond James Financial upped their target price 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. BMO Capital Markets upped their price target on shares of CCL Industries from C$103.00 to C$110.00 in a report on Friday, August 14th. Canadian Imperial Bank of Commerce raised their price objective on shares of CCL Industries from C$104.00 to C$113.00 in a research note on Friday, August 14th. Finally, ATB Cormark Capital Markets lifted their price target on CCL Industries from C$102.00 to C$104.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$111.00.

CCL Industries Stock Up 0.2%

Shares of CCL.B stock traded up C$0.21 on Thursday, hitting C$101.50. The stock had a trading volume of 351,056 shares, compared to its average volume of 395,984. The company has a quick ratio of 1.31, a current ratio of 1.96 and a debt-to-equity ratio of 48.08. The business has a 50 day moving average price of C$95.82 and a 200 day moving average price of C$90.31. The company has a market cap of C$17.16 billion, a PE ratio of 21.73, a P/E/G ratio of 0.26 and a beta of 0.79. CCL Industries has a one year low of C$80.46 and a one year high of C$109.64.

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.