CCL Industries (TSE:CCL.B) Stock Price Expected to Rise, National Bankshares Analyst Says

CCL Industries (TSE:CCL.B) had its target price raised by equities research analysts at National Bankshares from C$97.00 to C$100.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ target price would indicate a potential upside of 16.40% from the stock’s current price.

Other equities analysts also recently issued reports about the company. Royal Bank Of Canada upped their target price on CCL Industries from C$90.00 to C$94.00 in a research report on Thursday, November 13th. TD Securities increased their price objective on CCL Industries from C$100.00 to C$105.00 in a report on Wednesday, January 21st. Stifel Nicolaus raised their price objective on CCL Industries from C$92.00 to C$103.00 in a research note on Thursday, November 13th. Scotiabank downgraded CCL Industries from an “outperform” rating to a “sector perform” rating and lifted their target price for the stock from C$94.00 to C$96.00 in a report on Thursday, January 29th. Finally, BMO Capital Markets increased their price target on shares of CCL Industries from C$95.00 to C$97.00 in a report on Thursday, November 13th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$98.63.

CCL Industries Trading Up 1.3%

Shares of CCL Industries stock opened at C$85.91 on Thursday. The firm’s 50 day simple moving average is C$85.52 and its two-hundred day simple moving average is C$81.96. The firm has a market capitalization of C$14.88 billion, a price-to-earnings ratio of 18.72, a PEG ratio of 0.26 and a beta of 0.45. CCL Industries has a 12-month low of C$64.93 and a 12-month high of C$89.16. The company has a current ratio of 1.96, a quick ratio of 1.31 and a debt-to-equity ratio of 48.08.

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.