TD Securities Increases CCL Industries (TSE:CCL.B) Price Target to C$105.00

CCL Industries (TSE:CCL.B) had its price objective boosted by stock analysts at TD Securities from C$100.00 to C$105.00 in a research report issued on Wednesday,BayStreet.CA reports. TD Securities’ price target would indicate a potential upside of 18.44% from the stock’s current price.

Several other research firms have also recently issued reports on CCL.B. Scotiabank upped their price target on shares of CCL Industries from C$91.00 to C$94.00 in a report on Thursday, November 13th. Royal Bank Of Canada boosted their target price on shares of CCL Industries from C$90.00 to C$94.00 in a research report on Thursday, November 13th. Raymond James Financial increased their price target on shares of CCL Industries from C$90.00 to C$95.00 in a research report on Thursday, November 13th. CIBC lifted their price target on CCL Industries from C$93.00 to C$99.00 in a research note on Friday, November 14th. Finally, Stifel Nicolaus upped their price objective on CCL Industries from C$92.00 to C$103.00 in a research note on Thursday, November 13th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, CCL Industries presently has an average rating of “Buy” and an average price target of C$97.88.

CCL Industries Trading Up 1.9%

Shares of CCL.B opened at C$88.65 on Wednesday. CCL Industries has a one year low of C$64.93 and a one year high of C$89.16. The stock has a 50-day moving average price of C$85.56 and a 200 day moving average price of C$81.59. 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 has a market capitalization of C$15.36 billion, a P/E ratio of 19.31, a P/E/G ratio of 0.26 and a beta of 0.57.

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.