CCL Industries (TSE:CCL.B) had its target price upped by equities research analysts at Royal Bank of Canada from C$65.00 to C$66.00 in a note issued to investors on Thursday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price would indicate a potential upside of 11.86% from the stock’s previous close.
Other equities research analysts have also issued reports about the company. CIBC lowered their price objective on CCL Industries from C$63.00 to C$62.00 in a research note on Monday, January 21st. TD Securities lowered their price objective on CCL Industries from C$59.00 to C$58.00 and set a “hold” rating for the company in a research note on Monday, February 25th.
CCL Industries stock traded down C$0.99 during midday trading on Thursday, reaching C$59.00. 340,415 shares of the stock traded hands, compared to its average volume of 364,025. CCL Industries has a 12 month low of C$53.00 and a 12 month high of C$71.32. The firm has a market cap of $9.70 billion and a PE ratio of 20.20. The company has a current ratio of 1.62, a quick ratio of 1.15 and a debt-to-equity ratio of 103.90.
CCL Industries Company Profile
CCL Industries Inc manufactures and sells labels, containers, consumer printable media products, technology driven label solutions, polymer bank note substrates, and specialty films. The company operates through four segments: CCL, Avery, Checkpoint, and Innovia. The CCL segment offers pressure sensitive and specialty extruded film materials for decorative, instructional, functional, and security applications in the consumer packaging, healthcare, chemicals, consumer electronic device, and automotive markets.
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