CCL Industries (TSE:CCL.B) Hits New 12-Month High at $81.38

CCL Industries Inc. (TSE:CCL.B)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as C$81.38 and last traded at C$79.50, with a volume of 40315 shares changing hands. The stock had previously closed at C$78.49.

Analyst Ratings Changes

Several equities analysts have recently commented on CCL.B shares. TD Securities boosted their target price on shares of CCL Industries from C$90.00 to C$92.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Royal Bank of Canada boosted their target price on shares of CCL Industries from C$81.00 to C$83.00 in a research report on Friday, May 10th. BMO Capital Markets boosted their target price on shares of CCL Industries from C$83.00 to C$84.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. CIBC lifted their price target on shares of CCL Industries from C$86.00 to C$88.00 and gave the company an “outperform” rating in a report on Wednesday, August 14th. Finally, National Bankshares lifted their price target on shares of CCL Industries from C$84.00 to C$87.00 and gave the company an “outperform” rating in a report on Monday, August 12th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$84.78.

CCL Industries Stock Up 0.8 %

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 stock has a market capitalization of C$13.22 billion, a P/E ratio of 20.88, a price-to-earnings-growth ratio of 0.26 and a beta of 0.56. The stock’s fifty day simple moving average is C$73.97 and its two-hundred day simple moving average is C$71.62.

Insiders Place Their Bets

In other CCL Industries news, Director Stuart W. Lang sold 37,290 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of C$76.70, for a total transaction of C$2,860,143.00. In related news, Senior Officer Mark Mcclendon sold 400 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of C$73.47, for a total transaction of C$29,388.00. Also, Director Stuart W. Lang sold 37,290 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of C$76.70, for a total transaction of C$2,860,143.00. Insiders have sold 62,690 shares of company stock valued at $4,775,233 in the last ninety days. 11.16% of the stock is currently owned by insiders.

CCL Industries Company Profile

CCL Industries Inc manufactures and sells labels, containers, consumer printable media products, technology driven label solutions, polymer bank note substrates, and specialty films. The company operates through four segments: CCL, Avery, Checkpoint, and Innovia. The CCL segment offers pressure sensitive and specialty extruded film materials for decorative, instructional, functional, and security applications in the consumer packaging, healthcare, chemicals, consumer electronic device, and automotive markets.