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

Key Points

• TD raised its price target for CCL Industries to C$115 from C$110 and maintained a “buy” rating, implying approximately 19.2% upside from the current share price.
• Other analysts also increased their targets, contributing to a “Moderate Buy” consensus rating from six Buy ratings and one Hold rating; the average price target is C$106.60.
• CCL.B shares rose to C$96.46, near their 52-week high of C$98.59. The company has a C$16.58 billion market capitalization and operates across packaging, labeling, inventory-management, and related product segments.

CCL Industries (TSE:CCL.B - Get Free Report) had its target price increased by equities research analysts at TD from C$110.00 to C$115.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. TD's price objective indicates a potential upside of 19.22% from the company's current price.

A number of other research analysts also recently weighed in on CCL.B. Canadian Imperial Bank of Commerce increased their target price on CCL Industries from C$104.00 to C$113.00 in a report on Friday. National Bank Financial boosted their price target on CCL Industries from C$102.00 to C$104.00 and gave the company an "outperform" rating in a research note on Friday, May 15th. Stifel Nicolaus upped their price target on shares of CCL Industries from C$103.00 to C$105.00 and gave the company a "buy" rating in a research report on Friday, May 15th. BMO Capital Markets increased their price objective on shares of CCL Industries from C$103.00 to C$110.00 in a research note on Friday. Finally, Royal Bank Of Canada raised their price objective on shares of CCL Industries from C$99.00 to C$100.00 and gave the stock an "outperform" rating in a report on Friday, May 15th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, CCL Industries presently has an average rating of "Moderate Buy" and an average price target of C$106.60.

CCL Industries Stock Performance

Shares of CCL.B stock traded up C$0.48 on Friday, reaching C$96.46. The stock had a trading volume of 200,240 shares, compared to its average volume of 385,215. The stock has a market cap of C$16.58 billion, a P/E ratio of 21.11, a price-to-earnings-growth ratio of 0.26 and a beta of 0.95. CCL Industries has a 1 year low of C$74.69 and a 1 year high of C$98.59. The company has a debt-to-equity ratio of 48.08, a quick ratio of 1.31 and a current ratio of 1.96. The company has a 50 day simple moving average of C$90.17 and a 200 day simple moving average of C$87.96.

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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