National Bankshares Forecasts Strong Price Appreciation for CCL Industries (TSE:CCL.B) Stock

CCL Industries (TSE:CCL.B - Get Free Report) had its price objective boosted by National Bankshares from C$97.00 to C$100.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. National Bankshares' price objective points to a potential upside of 17.92% from the company's current price.Get CCL Industries alerts:Other analysts also recently issued reports about the stock. Raymond James Financial boosted their target price on shares of CCL Industries from C$90.00 to C$95.00 in a research note on Thursday, November 13th. Royal Bank Of Canada upped their target price on CCL Industries from C$90.00 to C$94.00 in a report on Thursday, November 13th. BMO Capital Markets raised their price target on shares of CCL Industries from C$95.00 to C$97.00 in a report on Thursday, November 13th. Scotiabank downgraded CCL Industries from an "outperform" rating to a "sector perform" rating and boosted their target price for the company from C$94.00 to C$96.00 in a research note on Thursday, January 29th. Finally, CIBC raised their price target on CCL Industries from C$93.00 to C$99.00 in a research note on Friday, November 14th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of C$98.63.Read Our Latest Stock Analysis on CCL IndustriesCCL Industries Stock PerformanceShares of CCL.B traded down C$1.29 during midday trading on Thursday, hitting C$84.80. 345,524 shares of the stock traded hands, compared to its average volume of 297,576. The firm has a market capitalization of C$14.69 billion, a PE ratio of 18.47, a price-to-earnings-growth ratio of 0.26 and a beta of 0.45. The company has a debt-to-equity ratio of 48.08, a quick ratio of 1.31 and a current ratio of 1.96. CCL Industries has a 1-year low of C$64.93 and a 1-year high of C$89.16. The business's 50 day moving average price is C$85.53 and its two-hundred day moving average price is C$81.89. CCL Industries Company Profile (Get Free Report)CCL Industries Inc manufactures and sells packaging and packaging-related products. The company operates through various segments, which include The CCL segment, which generates the majority of revenue, sells pressure sensitive and extruded film materials used for labels on consumer packaging, healthcare, automotive, and consumer durable products. The Avery segment sells software, labels, tags, dividers, badges, and specialty card products under the Avery brand. The Checkpoint segment includes the manufacturing and selling of technology-driven, inventory management and labeling solutions.Read MoreFive stocks we like better than CCL IndustriesThe day the gold market brokeNEW LAW: Congress Approves Setup For Digital Dollar?Your Bank Account Is No Longer SafeWhat a Former CIA Agent Knows About the Coming CollapseBuffett, Gates and Bezos Quietly Dumping Stocks—Here's WhyThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in CCL Industries Right Now?Before you consider CCL Industries, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CCL Industries wasn't on the list.While CCL Industries currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here