Royal Bank Of Canada Issues Positive Forecast for CCL Industries (TSE:CCL.B) Stock Price

CCL Industries (TSE:CCL.B) had its price objective raised by analysts at Royal Bank Of Canada from C$90.00 to C$94.00 in a report released on Thursday,BayStreet.CA reports. Royal Bank Of Canada’s target price would suggest a potential upside of 6.64% from the company’s current price.

A number of other equities analysts also recently commented on the company. BMO Capital Markets upped their target price on CCL Industries from C$91.00 to C$95.00 in a report on Friday, August 15th. TD Securities upped their price objective on shares of CCL Industries from C$95.00 to C$100.00 in a report on Thursday. National Bankshares lifted their target price on shares of CCL Industries from C$94.00 to C$96.00 and gave the company an “outperform” rating in a research note on Friday, August 15th. Scotiabank increased their price target on shares of CCL Industries from C$91.00 to C$94.00 in a research note on Thursday. Finally, Stifel Nicolaus raised their price objective on shares of CCL Industries from C$92.00 to C$103.00 in a report on Thursday. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, CCL Industries currently has an average rating of “Buy” and a consensus target price of C$95.88.

CCL Industries Trading Up 0.9%

Shares of CCL Industries stock traded up C$0.78 during trading on Thursday, reaching C$88.15. 287,012 shares of the stock were exchanged, compared to its average volume of 294,586. The company has a quick ratio of 1.31, a current ratio of 1.96 and a debt-to-equity ratio of 48.08. The firm has a market cap of C$15.37 billion, a price-to-earnings ratio of 19.76, a price-to-earnings-growth ratio of 0.26 and a beta of 0.60. CCL Industries has a 1 year low of C$64.93 and a 1 year high of C$89.06. The stock’s fifty day moving average is C$78.96 and its 200 day moving average is C$78.68.

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.