National Bankshares Forecasts Strong Price Appreciation for CCL Industries (TSE:CCL.B) Stock

CCL Industries (TSE:CCL.B) had its price objective boosted by National Bankshares from C$97.00 to C$100.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price objective points to a potential upside of 17.92% from the company’s current price.

Other analysts also recently issued reports about the stock. Raymond James Financial boosted their target price on shares of CCL Industries from C$90.00 to C$95.00 in a research note on Thursday, November 13th. Royal Bank Of Canada upped their target price on CCL Industries from C$90.00 to C$94.00 in a report on Thursday, November 13th. BMO Capital Markets raised their price target on shares of CCL Industries from C$95.00 to C$97.00 in a report on Thursday, November 13th. Scotiabank downgraded CCL Industries from an “outperform” rating to a “sector perform” rating and boosted their target price for the company from C$94.00 to C$96.00 in a research note on Thursday, January 29th. Finally, CIBC raised their price target on CCL Industries from C$93.00 to C$99.00 in a research note on Friday, November 14th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$98.63.

CCL Industries Stock Performance

Shares of CCL.B traded down C$1.29 during midday trading on Thursday, hitting C$84.80. 345,524 shares of the stock traded hands, compared to its average volume of 297,576. The firm has a market capitalization of C$14.69 billion, a PE ratio of 18.47, a price-to-earnings-growth ratio of 0.26 and a beta of 0.45. 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$64.93 and a 1-year high of C$89.16. The business’s 50 day moving average price is C$85.53 and its two-hundred day moving average price is C$81.89.

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.