TD Reiterates C$115.00 Price Target for CCL Industries (TSE:CCL.B)

TD set a C$115.00 target price on CCL Industries (TSE:CCL.B) in a research report released on Thursday morning,BayStreet reports. The brokerage currently has a buy rating on the stock.

A number of other brokerages have also recently commented on CCL.B. Canadian Imperial Bank of Commerce lifted their target price on shares of CCL Industries from C$104.00 to C$113.00 in a research report on Friday, August 14th. National Bank Financial raised their price objective on CCL Industries from C$104.00 to C$106.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Royal Bank Of Canada lifted their price objective on CCL Industries from C$100.00 to C$107.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Stifel Nicolaus raised their price target 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. Finally, BMO Capital Markets boosted their price objective on CCL Industries from C$103.00 to C$110.00 in a research report on Friday, August 14th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, CCL Industries currently has a consensus rating of “Moderate Buy” and an average target price of C$106.60.

CCL Industries Stock Up 3.1%

Shares of CCL Industries stock opened at C$93.83 on Thursday. The firm has a market cap of C$15.86 billion, a price-to-earnings ratio of 20.09, a PEG ratio of 0.26 and a beta of 0.90. 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$98.59. The stock’s 50-day moving average is C$92.62 and its 200 day moving average is C$89.15.

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.