CCL Industries (TSE:CCL.B) Given New C$97.00 Price Target at BMO Capital Markets

CCL Industries (TSE:CCL.B) had its target price raised by investment analysts at BMO Capital Markets from C$95.00 to C$97.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. BMO Capital Markets’ price target indicates a potential upside of 10.04% from the stock’s previous close.

Several other research firms also recently issued reports on CCL.B. National Bankshares upped their price objective on shares of CCL Industries from C$94.00 to C$96.00 and gave the stock an “outperform” rating in a report on Friday, August 15th. Stifel Nicolaus raised their target price on CCL Industries from C$92.00 to C$103.00 in a research report on Thursday. Royal Bank Of Canada increased their price target on shares of CCL Industries from C$90.00 to C$94.00 in a research report on Thursday. Scotiabank increased their price target on CCL Industries from C$91.00 to C$94.00 in a research report on Thursday. Finally, TD Securities lifted their price objective on CCL Industries from C$95.00 to C$100.00 in a research report on Thursday. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$95.88.

CCL Industries Stock Up 0.9%

TSE:CCL.B traded up C$0.78 on Thursday, hitting C$88.15. 287,012 shares of the company’s stock traded hands, compared to its average volume of 294,586. The company has a market cap of C$15.37 billion, a PE ratio of 19.76, a price-to-earnings-growth ratio of 0.26 and a beta of 0.60. The company has a current ratio of 1.96, a quick ratio of 1.31 and a debt-to-equity ratio of 48.08. The firm has a 50-day moving average price of C$78.96 and a 200-day moving average price of C$78.68. CCL Industries has a 1 year low of C$64.93 and a 1 year high of C$89.06.

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.