CCL Industries (TSE:CCL.B) Given New C$113.00 Price Target at Canadian Imperial Bank of Commerce

CCL Industries (TSE:CCL.B) had its target price boosted by investment analysts at Canadian Imperial Bank of Commerce from C$104.00 to C$113.00 in a report issued on Friday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s target price indicates a potential upside of 17.15% from the company’s previous close.

Several other equities research analysts also recently issued reports on the company. Stifel Nicolaus raised their price target on CCL Industries from C$103.00 to C$105.00 and gave the company a “buy” rating in a report on Friday, May 15th. TD upped their price objective on shares of CCL Industries from C$105.00 to C$110.00 and gave the company a “buy” rating in a report on Friday, May 15th. BMO Capital Markets increased their price objective on shares of CCL Industries from C$103.00 to C$110.00 in a research report on Friday. National Bank Financial raised their target price 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, May 15th. Finally, ATB Cormark Capital Markets upped their price target on shares of CCL Industries from C$101.00 to C$102.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$106.60.

CCL Industries Stock Performance

Shares of TSE CCL.B traded up C$0.48 during midday trading on Friday, hitting C$96.46. 200,240 shares of the company’s stock were exchanged, compared to its average volume of 385,215. The company has a quick ratio of 1.31, a current ratio of 1.96 and a debt-to-equity ratio of 48.08. The firm has a market capitalization of C$16.58 billion, a PE ratio of 21.11, a price-to-earnings-growth ratio of 0.26 and a beta of 0.95. CCL Industries has a 12 month low of C$74.69 and a 12 month high of C$98.59. The company’s 50 day moving average price is C$90.17 and its 200 day moving average price is C$87.96.

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.