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

CCL Industries (TSE:CCL.B) had its price target increased by equities researchers at BMO Capital Markets from C$103.00 to C$110.00 in a report released on Friday,BayStreet.CA reports. BMO Capital Markets’ target price would indicate a potential upside of 14.04% from the stock’s current price.

A number of other research analysts have also issued reports on the company. Royal Bank Of Canada boosted their price objective on CCL Industries from C$99.00 to C$100.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. TD raised their target price on CCL Industries from C$105.00 to C$110.00 and gave the company a “buy” rating in a research note on Friday, May 15th. National Bank Financial raised their target price on CCL Industries from C$102.00 to C$104.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Stifel Nicolaus boosted their price target on shares of CCL Industries from C$103.00 to C$105.00 and gave the company a “buy” rating in a report on Friday, May 15th. Finally, ATB Cormark Capital Markets upped their price target on shares of CCL Industries from C$101.00 to C$102.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$106.60.

CCL Industries Stock Performance

Shares of CCL Industries stock traded up C$0.48 on Friday, reaching C$96.46. 200,240 shares of the company were exchanged, compared to its average volume of 385,215. The company has a debt-to-equity ratio of 48.08, a quick ratio of 1.31 and a current ratio of 1.96. The company’s 50-day moving average is C$90.17 and its two-hundred day moving average is C$87.96. The firm has a market cap of C$16.58 billion, a price-to-earnings ratio of 21.11, a P/E/G ratio of 0.26 and a beta of 0.95. CCL Industries has a 1-year low of C$74.69 and a 1-year high of C$98.59.

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.