Analysts Set CCL Industries Inc. (CCL.B) Target Price at $320.00
CCL Industries Inc. (TSE:CCL.B) has received a consensus rating of “Buy” from the seven ratings firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$320.00.
A number of equities analysts have commented on CCL.B shares. Scotiabank boosted their price objective on shares of CCL Industries from C$310.00 to C$320.00 and gave the stock an “outperform” rating in a report on Thursday, May 4th. BMO Capital Markets boosted their price objective on shares of CCL Industries from C$330.00 to C$335.00 and gave the stock an “outperform” rating in a report on Thursday, April 20th. CIBC boosted their target price on shares of CCL Industries from C$320.00 to C$340.00 in a research report on Wednesday, May 10th. Finally, TD Securities boosted their target price on shares of CCL Industries from C$325.00 to C$330.00 and gave the stock a “buy” rating in a research report on Friday, February 24th.
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About CCL Industries
CCL Industries Inc is involved in manufacture of labels, containers, consumer printable media products and inventory management and loss prevention solutions. It operates through four segments: Label, Avery, Checkpoint and Container. The Label segment includes production of pressure sensitive and extruded film materials for a range of decorative, instructional and functional applications for customers in the consumer packaging, healthcare, automotive and consumer durables markets.
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