Raymond James Financial Forecasts Strong Price Appreciation for CCL Industries (TSE:CCL.B) Stock

CCL Industries (TSE:CCL.B) had its price objective increased by equities research analysts at Raymond James Financial from C$105.00 to C$108.00 in a report issued on Thursday, BayStreet reports. The firm presently has an “outperform” rating on the stock. Raymond James Financial‘s target price suggests a potential upside of 6.40% from the stock’s previous close.

Other research analysts have also issued reports about the stock. Canadian Imperial Bank of Commerce upped their price objective on shares of CCL Industries from C$104.00 to C$113.00 in a report on Friday, August 14th. National Bank Financial raised their target price on shares of CCL Industries from C$115.00 to C$119.00 and gave the stock an “outperform” rating in a research report on Thursday. TD set a C$115.00 target price on shares of CCL Industries and gave the company a “buy” rating in a research note on Thursday, September 10th. Stifel Nicolaus boosted their price target on shares of CCL Industries from C$115.00 to C$120.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Royal Bank Of Canada boosted their price target on shares of CCL Industries from C$107.00 to C$112.00 and gave the company an “outperform” rating in a research report on Thursday. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, CCL Industries currently has an average rating of “Moderate Buy” and a consensus target price of C$111.00.

CCL Industries Trading Up 0.2%

TSE:CCL.B traded up C$0.21 during trading hours on Thursday, hitting C$101.50. The company had a trading volume of 351,056 shares, compared to its average volume of 395,984. The company has a market capitalization of C$17.16 billion, a PE ratio of 21.73, a price-to-earnings-growth ratio of 0.26 and a beta of 0.79. The stock has a 50-day moving average price of C$95.82 and a 200 day moving average price of C$90.31. CCL Industries has a 52 week low of C$80.46 and a 52 week high of C$109.64. The company has a debt-to-equity ratio of 48.08, a current ratio of 1.96 and a quick ratio of 1.31.

About CCL Industries

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.