RBC Capital Maintains a Buy Rating on CCL Industries Cl A (CCL.A)

By Austin Angelo

CCL Industries Cl A (CCL.AResearch Report), the Consumer Goods sector company was revisited today, and remains undervalued for at least one analyst on the street. Analyst Walter Spracklin from RBC Capital remains bullish on the stock and has a C$66 price target.

According to TipRanks.com, Spracklin is a top 100 analyst with an average return of 18.0% and a 74.3% success rate. Spracklin covers the Services sector, focusing on stocks such as WestJet Airlines Ltd, Union Pacific Corp, and Canadian Railway.

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Currently, the analyst consensus on CCL Industries Cl A is a Moderate Buy with an average price target of C$64.

CCL Industries Cl A’s market cap is currently C$10.68B and has a P/E ratio of 22.8. The company has a Price to Book ratio of 4.00.

CCL Industries, Inc. engages in the conversion of pressure sensitive and extruded film materials for decorative, instructional, security, and functional applications. It operates through the following segments: CCL; Avery; Checkpoint; Innovia; and Container. The CCL segment focuses on the production of pressure sensitive and extruded film materials.

The company’s shares closed on Thursday at C$60.21.