Raymond James Financial Increases CCL Industries (TSE:CCL.B) Price Target to C$105.00

CCL Industries (TSE:CCL.B – Get Free Report) had its price objective hoisted by research analysts at Raymond James Financial from C$100.00 to C$105.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Raymond James Financial’s target price indicates a potential upside of 8.92% from the company’s current price.

CCL.B has been the topic of a number of other reports. National Bank Financial lifted their price target on shares of CCL Industries from C$104.00 to C$106.00 and gave the company an “outperform” rating in a report on Friday. Royal Bank Of Canada raised their price objective on CCL Industries from C$100.00 to C$107.00 and gave the company an “outperform” rating in a research report on Friday. Stifel Nicolaus boosted 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, May 15th. Canadian Imperial Bank of Commerce increased their price target on CCL Industries from C$104.00 to C$113.00 in a research note on Friday. Finally, ATB Cormark Capital Markets raised their price target on CCL Industries from C$102.00 to C$104.00 and gave the company an “outperform” rating in a report on Friday. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, CCL Industries has an average rating of “Moderate Buy” and a consensus target price of C$106.60.

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CCL Industries Price Performance

TSE:CCL.B traded up C$0.42 on Friday, reaching C$96.40. 203,592 shares of the company’s stock traded hands, compared to its average volume of 385,215. The stock has a 50-day simple moving average of C$90.17 and a 200-day simple moving average of C$87.96. CCL Industries has a 12 month low of C$74.69 and a 12 month high of C$98.59. The firm has a market cap of C$16.57 billion, a PE ratio of 21.09, a P/E/G ratio of 0.26 and a beta of 0.95. The company has a quick ratio of 1.31, a current ratio of 1.96 and a debt-to-equity ratio of 48.08.

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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