Analysts Set CCL Industries Inc. (TSE:CCL.B) Price Target at C$101.80

Shares of CCL Industries Inc. (TSE:CCL.B) have been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$101.80.

A number of brokerages have recently issued reports on CCL.B. Royal Bank Of Canada boosted their price target on shares of CCL Industries from C$99.00 to C$100.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. Stifel Nicolaus boosted their price target on shares of 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. National Bank Financial boosted their price target on shares of CCL Industries from C$102.00 to C$104.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. TD boosted their price target on shares of CCL Industries from C$105.00 to C$110.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Finally, Raymond James Financial boosted their price target on shares of CCL Industries from C$95.00 to C$100.00 in a research report on Friday, February 27th.

CCL Industries Stock Up 0.2%

TSE:CCL.B opened at C$84.09 on Tuesday. The firm’s 50 day simple moving average is C$86.13 and its 200 day simple moving average is C$86.29. The company has a debt-to-equity ratio of 48.08, a current ratio of 1.96 and a quick ratio of 1.31. CCL Industries has a one year low of C$74.69 and a one year high of C$95.00. The company has a market cap of C$14.45 billion, a PE ratio of 18.40, a P/E/G ratio of 0.26 and a beta of 0.95.

About CCL Industries

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.