CCL Industries Inc. (CCL.B.TO) - What Are Brokerages Thinking About This Stock?

Key Points

• Analysts are broadly bullish on CCL Industries, with six buy ratings and one hold among seven firms, resulting in an average “Moderate Buy” rating.
• The average 1-year price target is C$106.60, implying potential upside from the stock’s C$94.46 opening price; recent targets range from C$105 to C$115.
• CCL Industries has a market capitalization of approximately C$15.97 billion and operates across packaging, labeling, inventory management, and related product segments.

Shares of CCL Industries Inc. (TSE:CCL.B - Get Free Report) have received an average rating of "Moderate Buy" from the seven ratings firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$106.60.

CCL.B has been the topic of several recent analyst reports. TD set a C$115.00 price target on shares of CCL Industries and gave the company a "buy" rating in a report on Thursday, September 10th. Raymond James Financial raised their price objective on shares of CCL Industries from C$100.00 to C$105.00 and gave the stock an "outperform" rating in a report on Friday, August 14th. National Bank Financial raised their price objective on shares of CCL Industries from C$104.00 to C$106.00 and gave the stock an "outperform" rating in a report on Friday, August 14th. Royal Bank Of Canada boosted their target price on shares of CCL Industries from C$100.00 to C$107.00 and gave the stock an "outperform" rating in a research report on Friday, August 14th. Finally, Canadian Imperial Bank of Commerce upped their target price on shares of CCL Industries from C$104.00 to C$113.00 in a research note on Friday, August 14th.

CCL Industries Price Performance

CCL.B stock opened at C$94.46 on Monday. CCL Industries has a twelve month low of C$74.69 and a twelve month high of C$98.59. The company has a current ratio of 1.96, a quick ratio of 1.31 and a debt-to-equity ratio of 48.08. The company has a market capitalization of C$15.97 billion, a P/E ratio of 20.23, a PEG ratio of 0.26 and a beta of 0.84. The firm has a 50 day simple moving average of C$93.84 and a 200-day simple moving average of C$90.00.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.