Analysts Set CCL Industries Inc. (CCL.B) Target Price at $71.92

CCL Industries Inc. (TSE:CCL.B) has received an average rating of “Buy” from the seven brokerages that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a buy recommendation. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$71.92.

Several brokerages have weighed in on CCL.B. CIBC increased their target price on CCL Industries from C$74.00 to C$75.50 in a research report on Monday, March 12th. BMO Capital Markets increased their target price on CCL Industries from C$73.00 to C$75.00 in a research report on Monday, March 12th. TD Securities increased their target price on CCL Industries from C$68.00 to C$69.00 in a research report on Monday, March 12th. Scotiabank increased their target price on CCL Industries from C$69.00 to C$71.00 and gave the stock an “outperform” rating in a research report on Friday, March 9th. Finally, Laurentian increased their target price on CCL Industries from C$69.00 to C$72.00 in a research report on Friday, February 23rd.

Shares of CCL Industries (CCL.B) traded down C$0.73 on Tuesday, reaching C$65.67. The company had a trading volume of 472,813 shares, compared to its average volume of 364,025. CCL Industries has a 52-week low of C$53.00 and a 52-week high of C$71.32. The company has a market capitalization of $11,620.00, a PE ratio of 24.50 and a beta of 0.56.

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About CCL Industries

CCL Industries Inc is involved in manufacture of labels, containers, consumer printable media products and inventory management and loss prevention solutions. It operates through four segments: Label, Avery, Checkpoint and Container. The Label segment includes production of pressure sensitive and extruded film materials for a range of decorative, instructional and functional applications for customers in the consumer packaging, healthcare, automotive and consumer durables markets.

Analyst Recommendations for CCL Industries (TSE:CCL.B)

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