CCL Industries (TSE:CCL.B) had its price target lifted by research analysts at TD Securities from C$68.00 to C$69.00 in a research note issued to investors on Monday. TD Securities’ price objective suggests a potential upside of 3.19% from the company’s previous close.
A number of other research analysts have also commented on CCL.B. Laurentian increased their price objective on CCL Industries from C$69.00 to C$72.00 in a research report on Friday, February 23rd. Scotiabank increased their price objective on CCL Industries from C$69.00 to C$71.00 and gave the company an “outperform” rating in a research report on Friday. BMO Capital Markets increased their price objective on CCL Industries from C$67.00 to C$73.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Finally, CIBC increased their price objective on CCL Industries from C$67.00 to C$74.00 in a research report on Friday, February 23rd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of C$71.92.
Shares of CCL Industries (TSE:CCL.B) traded down C$0.63 on Monday, reaching C$66.87. The company’s stock had a trading volume of 378,349 shares, compared to its average volume of 354,246. The company has a market cap of $11,820.00, a price-to-earnings ratio of 24.95 and a beta of 0.56. CCL Industries has a 52-week low of C$53.00 and a 52-week high of C$71.32.
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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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