CCL Industries (TSE:CCL.B) Price Target Raised to C$110.00 at BMO Capital Markets

CCL Industries (TSE:CCL.B) had its price target hoisted by BMO Capital Markets from C$103.00 to C$110.00 in a research report sent to investors on Friday,BayStreet.CA reports.

CCL.B has been the subject of several other reports. Stifel Nicolaus upped their target price on CCL Industries from C$103.00 to C$105.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Royal Bank Of Canada increased their target price on 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. ATB Cormark Capital Markets lifted their target price on CCL Industries from C$101.00 to C$102.00 and gave the company an “outperform” rating in a report on Friday, May 15th. TD upped their price target on CCL Industries from C$105.00 to C$110.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Finally, National Bank Financial raised their target price on shares of CCL Industries from C$102.00 to C$104.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, CCL Industries currently has a consensus rating of “Moderate Buy” and an average target price of C$106.60.

CCL Industries Stock Performance

Shares of CCL.B opened at C$96.50 on Friday. The company has a debt-to-equity ratio of 48.08, a quick ratio of 1.31 and a current ratio of 1.96. The company has a market capitalization of C$16.31 billion, a price-to-earnings ratio of 20.66, a PEG ratio of 0.26 and a beta of 0.95. The company’s 50 day simple moving average is C$90.43 and its 200 day simple moving average is C$88.02. CCL Industries has a 1 year low of C$74.69 and a 1 year high of C$98.59.

More CCL Industries News

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

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.