In a research note released on Friday, equity analysts at Scotiabank lowered their price target for CCL Industries (TSE: CCL.B), as reported by BayStreet.CA. This was done in conjunction with the publication of the report. The previous price objective of CAD 75.00 has been revised to CAD 73.00. According to the most recent price at which the stock was traded before it was closed, Scotiabank has established a target price for the stock that could result in a gain of 20.34 percent.
CCL has recently drawn the interest of several additional research analysts, which is a positive development.
B. Pi Financial stated that they had reduced their target price for CCL Industries shares from C$82.00 (the previous level) to C$80.00 (the new level). This information was included in a research note that was published on Monday. In a research note that was published on November 14th, CIBC lowered its “outperform” rating and target price for CCL Industries from C$73.00 (which was the previous level) to C$72.00 (which is the new lower level). The price target that National Bankshares has established for CCL Industries has been reduced from C$81.00 to C$78.00, as stated in a research report that was made public on Friday, November 11th, and was published by National Bankshares. The price target that BMO Capital Markets has set for CCL Industries has been lowered from $80.00 to $79.00, as stated in a research report that was made public on November 11th. Raymond James gave the company the rating of “outperform” in a research analysis made available to the public on November 11th. Even though they lowered their price objective for CCL Industries from $79.00 to $70.00, Raymond James maintained their rating of “outperform” for the company. On Friday, the results of the study were made public. Five financial analysts all came to the same conclusion: that the stock should be purchased. The current recommendation for CCL Industries is “buy,” and the average price objective for the company is set at C$75.25, according to the data from Bloomberg.com.
The price of one share of stock in CCL Industries increased by $0.66 during the morning session on Friday, bringing the total value of one share to 60.66 Canadian dollars. The number of shares traded for the company’s stock was 81,494, significantly less than the stock’s average volume of 210,850 shares. Currently, the debt-to-equity ratio stands at 58.98, the quick ratio stands at 1.31, and the current ratio stands at 1.90. The market value of the company’s stock is 10.74 billion Canadian dollars, and the earnings ratio of the company’s stock is 17.48. The stock price is currently fluctuating between its 50-day simple moving average of $60.45 and its 200-day simple moving average of C$62.96. These two numbers represent the stock’s simple moving averages. CCL Industries has experienced a price range over the past 52 weeks that ranged from a low of 53.36 Canadian dollars to a high of 69.38 Canadian dollars.
CCL Industries, Inc. is a manufacturer and distributor of a wide variety of products, some of which include but are not limited to labels, containers, consumer-printed media goods, technology-driven label solutions, polymer banknote substrates, and specialist films. These are just some of the products that they produce and distribute. CCL, Avery, Checkpoint, and Innovia are the names of its four divisions within the company. The CCL segment supplies specialty extruded film materials that can be used for decorative, instructional, functional, and security applications to the consumer packaging market, the healthcare market, the chemical market, the consumer electronic device market, and the automotive market.
