CCL Industries (TSE:CCL.B) Reaches New 1-Year High – What’s Next?

CCL Industries Inc. (TSE:CCL.B) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as C$92.05 and last traded at C$92.47, with a volume of 87519 shares changing hands. The stock had previously closed at C$92.29.

Analyst Ratings Changes

Several research analysts have recently weighed in on CCL.B shares. National Bank Financial upped their target price on CCL Industries from C$102.00 to C$104.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Stifel Nicolaus lifted their price target on shares of CCL Industries from C$103.00 to C$105.00 and gave the company a “buy” rating in a research note on Friday, May 15th. TD boosted their price objective on CCL Industries from C$105.00 to C$110.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. ATB Cormark Capital Markets raised their target price on CCL Industries from C$101.00 to C$102.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Finally, Royal Bank Of Canada lifted their price target on CCL Industries from C$99.00 to C$100.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$101.80.

CCL Industries Stock Performance

The stock has a market cap of C$15.84 billion, a price-to-earnings ratio of 20.17, a PEG ratio of 0.26 and a beta of 0.95. The company has a debt-to-equity ratio of 48.08, a current ratio of 1.96 and a quick ratio of 1.31. The firm has a fifty day moving average of C$86.44 and a 200 day moving average of C$86.68.

CCL Industries Company Profile

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.