Scotiabank Reiterates Outperform Rating for CCL Industries Inc. (CCL.B)

CCL Industries Inc. (TSE:CCL.B)‘s stock had its “outperform” rating restated by stock analysts at Scotiabank in a research note issued on Friday. They presently have a C$310.00 target price on the stock.

Several other brokerages also recently issued reports on CCL.B. Laurentian Bank of Canada increased their price target on CCL Industries from C$275.00 to C$295.00 and gave the company a “buy” rating in a report on Tuesday, December 20th. TD Securities increased their price target on CCL Industries from C$300.00 to C$325.00 and gave the company a “buy” rating in a report on Tuesday, December 20th. BMO Capital Markets increased their price target on CCL Industries from C$285.00 to C$295.00 in a report on Tuesday, December 20th. Laurentian increased their price target on CCL Industries from C$275.00 to C$295.00 and gave the company a “buy” rating in a report on Tuesday, December 20th. Finally, KeyCorp reiterated a “buy” rating on shares of CCL Industries in a report on Wednesday, December 14th. Six research analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and a consensus target price of C$313.33.

Analyst Recommendations for CCL Industries (TSE:CCL.B)

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CCL Industries Company Profile

CCL Industries Inc is engaged in specialty packaging. The Company operates through three segments: the Label Segment, Avery and the Container Segment. The Label Segment is the producer of label solutions for consumer product marketing companies in the personal care, food and beverage, household chemical and promotional segments of the industry, and it supplies regulated labels to pharmaceutical, healthcare and industrial chemical customers plus long life labels to automotive and other durable goods companies.

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