CCL Industries (TSE:CCL.B – Free Report) had its price target upped by National Bank Financial from C$104.00 to C$106.00 in a report published on Friday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.
CCL.B has been the subject of several other research reports. Canadian Imperial Bank of Commerce raised their price target on shares of CCL Industries from C$104.00 to C$113.00 in a research report on Friday. TD raised their price target on CCL Industries from C$110.00 to C$115.00 and gave the stock a “buy” rating in a research note on Friday. ATB Cormark Capital Markets increased their price objective on shares of CCL Industries from C$102.00 to C$104.00 and gave the stock an “outperform” rating in a research note on Friday. BMO Capital Markets boosted their price target on CCL Industries from C$103.00 to C$110.00 in a report on Friday. Finally, Stifel Nicolaus increased their price objective on shares of CCL Industries from C$103.00 to C$105.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Six 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, CCL Industries presently has an average rating of “Moderate Buy” and an average price target of C$106.60.
View Our Latest Stock Analysis on CCL.B
CCL Industries Stock Performance
Key Stories Impacting CCL Industries
Here are the key news stories impacting CCL Industries this week:
- Positive Sentiment: Multiple analysts raised price targets and maintained bullish ratings. Raymond James increased its target to C$105 and assigned an “outperform” rating; RBC raised its target to C$107 with an “outperform” rating; National Bank lifted its target to C$106 and also rated the shares “outperform.” ATB Cormark raised its target to C$104 and maintained an “outperform” view. BayStreet.CA analyst ratings
- Positive Sentiment: Additional target increases point to significant perceived upside. CIBC raised its target from C$104 to C$113, BMO increased its target to C$110, and TD lifted its target to C$115 while upgrading or maintaining a “buy” stance. The revised targets imply approximately 7.6% to 19.0% upside based on the referenced share price, signaling stronger analyst confidence in CCL’s earnings outlook and valuation potential. TickerReport analyst ratings BayStreet.CA analyst ratings
- Positive Sentiment: CCL Industries declared a C$0.36 dividend. The dividend announcement adds to the stock’s appeal for income-focused investors and may reinforce confidence in the company’s cash-generation capacity, although the provided report does not specify the record or payment dates. CCL Industries declares C$0.36 dividend
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.
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