CCL Industries (TSE:CCL.B) Given New C$119.00 Price Target at National Bank Financial

CCL Industries (TSE:CCL.B) had its target price boosted by National Bank Financial from C$115.00 to C$119.00 in a note issued to investors on Thursday, BayStreet reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial‘s target price would suggest a potential upside of 17.24% from the stock’s previous close.

A number of other equities research analysts have also weighed in on the stock. TD set a C$115.00 price objective on shares of CCL Industries and gave the company a “buy” rating in a report on Thursday, September 10th. Raymond James Financial upped their target price on CCL Industries from C$100.00 to C$105.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Royal Bank Of Canada upped their target price on CCL Industries from C$100.00 to C$107.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Canadian Imperial Bank of Commerce raised their price target on CCL Industries from C$104.00 to C$113.00 in a research note on Friday, August 14th. Finally, BMO Capital Markets lifted their price target 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’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$111.00.

CCL Industries Stock Up 0.2%

Shares of CCL Industries stock traded up C$0.21 during trading hours on Thursday, reaching C$101.50. 351,056 shares of the company were exchanged, compared to its average volume of 395,984. The stock’s fifty day moving average is C$95.82 and its 200 day moving average is C$90.31. The company has a debt-to-equity ratio of 48.08, a quick ratio of 1.31 and a current ratio of 1.96. CCL Industries has a 1 year low of C$80.46 and a 1 year high of C$109.64. The firm has a market cap of C$17.16 billion, a PE ratio of 21.73, a PEG ratio of 0.26 and a beta of 0.79.

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.