CCL Industries (TSE:CCL.B) Stock Price Expected to Rise, Raymond James Financial Analyst Says

CCL Industries (TSE:CCL.B) had its price target upped by Raymond James Financial from C$95.00 to C$100.00 in a research note issued to investors on Friday,BayStreet.CA reports. Raymond James Financial’s price target points to a potential upside of 5.40% from the stock’s current price.

Several other equities research analysts also recently commented on CCL.B. Scotiabank downgraded CCL Industries from an “outperform” rating to a “sector perform” rating and upped their target price for the company from C$94.00 to C$96.00 in a report on Thursday, January 29th. National Bank Financial boosted their price objective on CCL Industries from C$97.00 to C$100.00 and gave the stock an “outperform” rating in a report on Thursday, February 5th. TD Securities raised their target price on shares of CCL Industries from C$100.00 to C$105.00 in a report on Wednesday, January 21st. Canadian Imperial Bank of Commerce boosted their target price on shares of CCL Industries from C$93.00 to C$99.00 in a research note on Friday, November 14th. Finally, Stifel Nicolaus raised their target price on CCL Industries from C$92.00 to C$103.00 in a research report on Thursday, November 13th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$99.25.

CCL Industries Trading Up 6.9%

TSE CCL.B opened at C$94.88 on Friday. The company has a market capitalization of C$16.44 billion, a price-to-earnings ratio of 20.67, 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 current ratio of 1.96 and a quick ratio of 1.31. The company’s fifty day moving average price is C$86.79 and its two-hundred day moving average price is C$83.03. CCL Industries has a 12 month low of C$64.93 and a 12 month high of C$95.00.

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.