CCL Industries Inc. (TSE:CCL.B) Price Target Cut to C$68.00
CCL Industries Inc. (TSE:CCL.B) had its price target dropped by analysts at Scotiabank from C$70.00 to C$68.00 in a research note issued on Wednesday. The brokerage presently has an “outperform” rating on the stock.
A number of other equities research analysts have also recently weighed in on CCL.B. BMO Capital Markets lifted their price target on CCL Industries from C$330.00 to C$335.00 and gave the company an “outperform” rating in a report on Thursday, April 20th. CIBC lifted their price target on CCL Industries from C$320.00 to C$340.00 in a report on Wednesday, May 10th. TD Securities cut CCL Industries from a “buy” rating to a “hold” rating and set a C$330.00 price target on the stock. in a report on Wednesday, May 10th. KeyCorp cut CCL Industries from an “overweighr” rating to a “sector weight” rating in a report on Thursday, July 6th. Finally, Laurentian cut their price target on CCL Industries from C$71.00 to C$69.00 and set a “buy” rating on the stock in a report on Wednesday. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of C$151.83.
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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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