CCL Industries (TSE:CCL.B) had its target price hoisted by BMO Capital Markets from C$73.00 to C$75.00 in a note issued to investors on Monday. BMO Capital Markets’ price target would suggest a potential upside of 12.16% from the company’s previous close.
CCL.B has been the topic of several other research reports. CIBC boosted their price target on shares of CCL Industries from C$67.00 to C$74.00 in a report on Friday, February 23rd. Laurentian boosted their price target on shares of CCL Industries from C$69.00 to C$72.00 in a report on Friday, February 23rd. TD Securities boosted their price target on shares of CCL Industries from C$68.00 to C$69.00 in a report on Monday. Finally, Scotiabank boosted their price target on shares of CCL Industries from C$69.00 to C$71.00 and gave the company an “outperform” rating in a report on Friday. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of C$71.92.
Shares of CCL Industries (TSE:CCL.B) traded down C$0.63 during mid-day trading on Monday, reaching C$66.87. 378,349 shares of the company were exchanged, compared to its average volume of 354,246. CCL Industries has a fifty-two week low of C$53.00 and a fifty-two week high of C$71.32. The company has a market capitalization of $11,820.00, a price-to-earnings ratio of 24.95 and a beta of 0.56.
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.
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