Shares of CCL Industries Inc. Class B (TSE:CCL.B) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$58.66 and last traded at C$58.87, with a volume of 153553 shares. The stock had previously closed at C$58.92.

Separately, Royal Bank of Canada set a C$73.00 price target on CCL Industries Inc. Class B and gave the stock an “outperform” rating in a research note on Saturday, July 14th.

About CCL Industries Inc. Class B (TSE:CCL.B)

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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