CCL Industries (TSE:CCL.B) PT Lowered to C$72.00

CCL Industries (TSE:CCL.B) had its target price dropped by Royal Bank of Canada from C$75.00 to C$72.00 in a research report issued on Friday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target would indicate a potential upside of 33.43% from the company’s current price.

Several other brokerages have also commented on CCL.B. CIBC cut their price target on CCL Industries from C$77.00 to C$74.00 in a research note on Monday, August 14th. National Bankshares raised their price target on CCL Industries from C$78.00 to C$79.00 in a research note on Friday, August 11th. Cormark cut their price target on CCL Industries from C$78.00 to C$75.00 in a research note on Friday, August 11th. BMO Capital Markets cut their price target on CCL Industries from C$77.00 to C$76.00 and set an “outperform” rating on the stock in a research note on Friday. Finally, Pi Financial cut their price target on CCL Industries from C$81.00 to C$75.00 in a research note on Friday. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$74.56.

CCL Industries Stock Performance

CCL.B stock opened at C$53.96 on Friday. The company has a quick ratio of 1.31, a current ratio of 2.05 and a debt-to-equity ratio of 51.39. The business’s fifty day simple moving average is C$56.38 and its two-hundred day simple moving average is C$61.19. CCL Industries has a twelve month low of C$52.82 and a twelve month high of C$71.58. The firm has a market cap of C$8.95 billion, a price-to-earnings ratio of 15.20, a PEG ratio of 0.26 and a beta of 0.58.

About CCL Industries

CCL Industries Inc manufactures and sells labels, containers, consumer printable media products, technology driven label solutions, polymer bank note substrates, and specialty films. The company operates through four segments: CCL, Avery, Checkpoint, and Innovia. The CCL segment offers pressure sensitive and specialty extruded film materials for decorative, instructional, functional, and security applications in the consumer packaging, healthcare, chemicals, consumer electronic device, and automotive markets.