CCL Industries Inc. (CCL.B) Shares Up 0.1%

Shares of CCL Industries Inc. (TSE:CCL.B) shot up 0.1% on Monday . The company traded as high as C$59.14 and last traded at C$59.02. 183,966 shares were traded during trading, a decline of 45% from the average session volume of 332,782 shares. The stock had previously closed at C$58.94.

A number of equities analysts have recently issued reports on CCL.B shares. Scotiabank reduced their price target on CCL Industries from C$70.00 to C$68.00 and set an “outperform” rating on the stock in a research report on Thursday, August 17th. Laurentian Bank of Canada reduced their price target on CCL Industries from C$71.00 to C$69.00 and set a “buy” rating on the stock in a research report on Thursday, August 17th. BMO Capital Markets set a C$72.00 price target on CCL Industries and gave the stock an “outperform” rating in a research report on Wednesday, August 9th. TD Securities reduced their price target on CCL Industries from C$67.00 to C$66.00 and set a “hold” rating on the stock in a research report on Thursday. Finally, Laurentian reduced their price target on CCL Industries from C$71.00 to C$69.00 and set a “buy” rating on the stock in a research report on Wednesday, August 9th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. CCL Industries has a consensus rating of “Buy” and an average target price of C$113.83.

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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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