CCL Industries (TSE:CCL.B) Price Target Raised to C$102.00 at ATB Cormark Capital Markets

CCL Industries (TSE:CCL.B – Get Free Report) had its target price upped by ATB Cormark Capital Markets from C$101.00 to C$102.00 in a report issued on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ price target suggests a potential upside of 16.40% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the company. Raymond James Financial increased their price objective on CCL Industries from C$95.00 to C$100.00 in a report on Friday, February 27th. Stifel Nicolaus increased their target price on CCL Industries from C$103.00 to C$105.00 and gave the stock a “buy” rating in a research report on Friday. TD Securities increased their target price on CCL Industries from C$100.00 to C$105.00 in a research report on Wednesday, January 21st. Scotiabank lowered CCL Industries from an “outperform” rating to a “sector perform” rating and increased their target price for the stock from C$94.00 to C$96.00 in a research report on Thursday, January 29th. Finally, National Bank Financial increased their target price on CCL Industries from C$102.00 to C$104.00 and gave the stock an “outperform” rating in a research report on Friday. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$101.80.

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CCL Industries Trading Up 0.6%

TSE CCL.B traded up C$0.51 on Friday, hitting C$87.63. The company’s stock had a trading volume of 407,678 shares, compared to its average volume of 353,394. CCL Industries has a 52-week low of C$74.69 and a 52-week high of C$95.00. The company has a current ratio of 1.96, a quick ratio of 1.31 and a debt-to-equity ratio of 48.08. The company’s 50-day simple moving average is C$86.45 and its 200 day simple moving average is C$85.65. The firm has a market cap of C$15.17 billion, a P/E ratio of 19.18, a PEG ratio of 0.26 and a beta of 0.90.

CCL Industries Company Profile

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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.

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