CCL Industries (TSE:CCL.B) Given a C$115.00 Price Target at TD

Key Points

• TD assigned CCL Industries a C$115.00 price target and Buy rating, implying approximately 26.14% upside from the previous close.
• Analyst sentiment is broadly positive: six analysts rate the stock Buy and one rates it Hold, resulting in a consensus “Moderate Buy” rating and average target of C$106.60.
• CCL.B shares recently traded at C$91.17, down 0.6%, while the company’s packaging businesses span pressure-sensitive materials, Avery-branded products, and inventory-management solutions.

CCL Industries (TSE:CCL.B - Get Free Report) has been assigned a C$115.00 target price by research analysts at TD in a report issued on Thursday, BayStreet reports. The brokerage currently has a "buy" rating on the stock. TD's price target points to a potential upside of 26.14% from the stock's previous close.

Several other research analysts have also recently commented on CCL.B. ATB Cormark Capital Markets raised their target price on shares of CCL Industries from C$102.00 to C$104.00 and gave the stock an "outperform" rating in a report on Friday, August 14th. National Bank Financial upped their price target on shares of CCL Industries from C$104.00 to C$106.00 and gave the company an "outperform" rating in a research report on Friday, August 14th. Canadian Imperial Bank of Commerce raised their price objective on shares of CCL Industries from C$104.00 to C$113.00 in a research note on Friday, August 14th. Raymond James Financial boosted their target price on shares of CCL Industries from C$100.00 to C$105.00 and gave the company an "outperform" rating in a research note on Friday, August 14th. Finally, Stifel Nicolaus increased their target price on CCL Industries from C$103.00 to C$105.00 and gave the company a "buy" rating in a report on Friday, May 15th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of C$106.60.

CCL Industries Trading Down 0.6%

Shares of TSE CCL.B traded down C$0.51 during mid-day trading on Thursday, hitting C$91.17. 236,802 shares of the company traded hands, compared to its average volume of 387,217. CCL Industries has a 1 year low of C$74.69 and a 1 year high of C$98.59. The stock has a market capitalization of C$15.41 billion, a price-to-earnings ratio of 19.52, a PEG ratio of 0.26 and a beta of 0.90. The company has a quick ratio of 1.31, a current ratio of 1.96 and a debt-to-equity ratio of 48.08. The business has a 50 day moving average of C$92.63 and a two-hundred day moving average of C$89.09.

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.

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