CCL Industries (OTCMKTS:CCDBF) Price Target Raised to $81.00

CCL Industries (OTCMKTS:CCDBF) had its price target raised by CIBC from $75.00 to $81.00 in a research note published on Monday, The Fly reports. CIBC currently has an outperform rating on the stock.

A number of other research analysts have also weighed in on CCDBF. BMO Capital Markets lifted their target price on CCL Industries from $68.00 to $78.00 and gave the company an outperform rating in a report on Friday, February 26th. Raymond James lifted their target price on CCL Industries from $65.00 to $75.00 and gave the company an outperform rating in a report on Monday, March 1st. TD Securities lifted their price target on CCL Industries from $68.00 to $75.00 and gave the company a buy rating in a research report on Friday, February 26th. Scotiabank boosted their target price on CCL Industries from $72.00 to $77.00 and gave the stock an outperform rating in a research report on Friday, February 26th. Finally, Royal Bank of Canada boosted their target price on CCL Industries from $77.00 to $80.00 and gave the stock an outperform rating in a research report on Friday, February 26th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $72.25.

CCDBF stock opened at $58.56 on Monday. CCL Industries has a twelve month low of $28.23 and a twelve month high of $58.56. The stock has a 50-day simple moving average of $56.10 and a two-hundred day simple moving average of $49.09.

CCL Industries Company Profile

CCL Industries Inc manufactures and sells labels, consumer printable media products, technology driven label solutions, polymer bank note substrates, and specialty films. The company operates through four segments: CCL, Avery, Checkpoint, and Innovia. The CCL segment offers pressure sensitive and extruded film materials for decorative, instructional, security, and functional applications in the consumer packaging, healthcare, chemicals, consumer durables, electronic device, and automotive markets.

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