CCL Industries (TSE:CCL.B) Price Target Raised to C$110.00 at TD

CCL Industries (TSE:CCL.B) had its price objective lifted by stock analysts at TD from C$105.00 to C$110.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD’s target price indicates a potential upside of 25.53% from the stock’s current price.

Other research analysts have also issued research reports about the stock. National Bank Financial increased their price target on shares of CCL Industries from C$100.00 to C$102.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 17th. Scotiabank cut CCL Industries from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from C$94.00 to C$96.00 in a report on Thursday, January 29th. TD Securities lifted their price objective on CCL Industries from C$100.00 to C$105.00 in a report on Wednesday, January 21st. Finally, Raymond James Financial lifted their price objective on CCL Industries from C$95.00 to C$100.00 in a report on Friday, February 27th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, CCL Industries has an average rating of “Moderate Buy” and a consensus price target of C$101.80.

CCL Industries Price Performance

TSE:CCL.B traded up C$0.51 during mid-day trading on Friday, hitting C$87.63. The company’s stock had a trading volume of 407,678 shares, compared to its average volume of 353,394. CCL Industries has a fifty-two week low of C$74.69 and a fifty-two week high of C$95.00. The company has a current ratio of 1.96, a quick ratio of 1.31 and a debt-to-equity ratio of 48.08. The company has a market capitalization of C$15.17 billion, a price-to-earnings ratio of 19.18, a P/E/G ratio of 0.26 and a beta of 0.90. The stock has a fifty day moving average of C$86.45 and a 200-day moving average of C$85.65.

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.