CCL Industries (TSE:CCL.B) Price Target Cut to C$69.00

CCL Industries (TSE:CCL.B) had its price objective trimmed by CIBC from C$70.00 to C$69.00 in a research report report published on Monday morning, BayStreet.CA reports.

A number of other research firms also recently commented on CCL.B. Royal Bank of Canada reduced their price objective on shares of CCL Industries from C$73.00 to C$71.00 and set an outperform rating on the stock in a research note on Friday, August 9th. BMO Capital Markets increased their price objective on shares of CCL Industries from C$68.00 to C$70.00 in a research note on Friday, August 9th. Finally, TD Securities increased their price objective on shares of CCL Industries from C$58.00 to C$60.00 and gave the company a hold rating in a research note on Thursday, May 16th.

Shares of CCL.B stock opened at C$58.51 on Monday. The company has a market capitalization of $9.65 billion and a PE ratio of 22.17. The firm has a fifty day simple moving average of C$65.02 and a 200-day simple moving average of C$59.46. The company has a current ratio of 1.79, a quick ratio of 1.29 and a debt-to-equity ratio of 94.55. CCL Industries has a twelve month low of C$47.32 and a twelve month high of C$68.49.

About CCL Industries

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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