CCL Industries (TSE:CCL.B) Lowered to Sector Perform Rating by Scotiabank

CCL Industries (TSE:CCL.B) was downgraded by Scotiabank from an “outperform” rating to a “sector perform” rating in a report issued on Thursday,BayStreet.CA reports. They presently have a C$96.00 price target on the stock, up from their previous price target of C$94.00. Scotiabank’s price target would indicate a potential upside of 18.72% from the company’s current price.

Other equities analysts have also issued reports about the stock. BMO Capital Markets boosted their target price on shares of CCL Industries from C$95.00 to C$97.00 in a report on Thursday, November 13th. Raymond James Financial upped their price objective on CCL Industries from C$90.00 to C$95.00 in a report on Thursday, November 13th. CIBC raised their target price on CCL Industries from C$93.00 to C$99.00 in a research note on Friday, November 14th. TD Securities lifted their target price on CCL Industries from C$100.00 to C$105.00 in a research report on Wednesday, January 21st. Finally, Stifel Nicolaus increased their price target on CCL Industries from C$92.00 to C$103.00 in a report on Thursday, November 13th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$98.13.

CCL Industries Trading Down 4.0%

Shares of CCL.B stock traded down C$3.35 on Thursday, hitting C$80.86. 274,116 shares of the stock traded hands, compared to its average volume of 255,042. 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 twelve month low of C$64.93 and a twelve month high of C$89.16. The firm’s 50-day moving average price is C$85.62 and its two-hundred day moving average price is C$81.78. The stock has a market capitalization of C$14.01 billion, a PE ratio of 17.62, a PEG ratio of 0.26 and a beta of 0.57.

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.