CCL Industries (CCL.B) Price Target Cut to C$62.00

CCL Industries (TSE:CCL.B) had its target price reduced by analysts at Royal Bank of Canada from C$70.00 to C$62.00 in a research report issued on Thursday. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective suggests a potential upside of 17.49% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. CIBC decreased their price objective on shares of CCL Industries from C$73.00 to C$72.00 in a report on Friday, October 5th. Laurentian reduced their target price on shares of CCL Industries from C$74.00 to C$71.00 in a report on Thursday. Finally, TD Securities reduced their target price on shares of CCL Industries from C$70.00 to C$64.00 and set a “hold” rating for the company in a report on Wednesday.

CCL Industries stock opened at C$52.77 on Thursday. CCL Industries has a 12-month low of C$53.00 and a 12-month high of C$71.32.

CCL Industries Company Profile

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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