CCL Industries (TSE:CCL.B) Price Target Raised to C$108.00

CCL Industries (TSE:CCL.B) had its price objective hoisted by Raymond James Financial from C$105.00 to C$108.00 in a report released on Thursday morning,BayStreet reports. Raymond James Financial currently has an outperform rating on the stock.

CCL.B has been the subject of a number of other reports. Canadian Imperial Bank of Commerce upped their target price on CCL Industries from C$104.00 to C$113.00 in a research report on Friday, August 14th. Royal Bank Of Canada lifted their price target on CCL Industries from C$107.00 to C$112.00 and gave the company an “outperform” rating in a research report on Thursday. Stifel Nicolaus boosted their price objective on CCL Industries from C$115.00 to C$120.00 and gave the stock a “buy” rating in a research note on Thursday. ATB Cormark Capital Markets upped their price objective on CCL Industries from C$110.00 to C$112.00 and gave the company an “outperform” rating in a report on Thursday. Finally, BMO Capital Markets upped their price objective on CCL Industries from C$103.00 to C$110.00 in a report on Friday, August 14th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, CCL Industries has an average rating of “Moderate Buy” and a consensus price target of C$111.00.

CCL Industries Price Performance

TSE CCL.B opened at C$101.76 on Thursday. CCL Industries has a 12 month low of C$80.46 and a 12 month high of C$109.64. 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 firm has a market capitalization of C$17.20 billion, a PE ratio of 21.79, a P/E/G ratio of 0.26 and a beta of 0.79. The company’s 50 day simple moving average is C$96.17 and its 200 day simple moving average is C$90.45.

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.