TD Securities Issues Positive Forecast for CCL Industries (TSE:CCL.B) Stock Price

CCL Industries (TSE:CCL.B) had its price objective boosted by equities researchers at TD Securities from C$95.00 to C$100.00 in a research note issued on Thursday,BayStreet.CA reports. TD Securities’ price objective suggests a potential upside of 13.44% from the stock’s previous close.

CCL.B has been the topic of a number of other reports. BMO Capital Markets raised their price objective on CCL Industries from C$91.00 to C$95.00 in a research note on Friday, August 15th. National Bankshares increased their price objective on CCL Industries from C$94.00 to C$96.00 and gave the company an “outperform” rating in a research note on Friday, August 15th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$95.88.

CCL Industries Price Performance

Shares of CCL.B stock traded up C$0.78 during trading hours on Thursday, hitting C$88.15. 287,012 shares of the company’s stock were exchanged, compared to its average volume of 294,586. The company has a market capitalization of C$15.37 billion, a PE ratio of 19.76, a PEG 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. CCL Industries has a 12-month low of C$64.93 and a 12-month high of C$89.06. The business’s 50 day simple moving average is C$78.96 and its 200-day simple moving average is C$78.68.

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.