National Bank Financial Forecasts Strong Price Appreciation for CCL Industries (TSE:CCL.B) Stock

CCL Industries (TSE:CCL.B) had its target price upped by equities research analysts at National Bank Financial from C$104.00 to C$106.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price objective would suggest a potential upside of 9.96% from the company’s current price.

Several other brokerages have also recently issued reports on CCL.B. TD increased their price objective on CCL Industries from C$110.00 to C$115.00 and gave the stock a “buy” rating in a research note on Friday. Royal Bank Of Canada boosted their price objective on shares of CCL Industries from C$99.00 to C$100.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. BMO Capital Markets increased their price target on CCL Industries from C$103.00 to C$110.00 in a research note on Friday. ATB Cormark Capital Markets raised 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 report on Friday. Finally, Stifel Nicolaus increased 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 report on Friday, May 15th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$106.60.

CCL Industries Trading Up 0.4%

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

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.