CCL Industries (TSE:CCL.B) Hits New 12-Month High – Here’s Why

CCL Industries Inc. (TSE:CCL.B)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as C$93.03 and last traded at C$89.98, with a volume of 89575 shares trading hands. The stock had previously closed at C$90.09.

Analyst Ratings Changes

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

CCL Industries Trading Up 0.1%

The company has a debt-to-equity ratio of 48.08, a quick ratio of 1.31 and a current ratio of 1.96. The company has a market capitalization of C$15.50 billion, a price-to-earnings ratio of 19.73, a P/E/G ratio of 0.26 and a beta of 0.93. The business’s 50-day simple moving average is C$87.38 and its 200-day simple moving average is C$87.10.

About CCL Industries

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.