CCL Industries (TSE:CCL.B) Hits New 52-Week High – Time to Buy?

Shares of CCL Industries Inc. (TSE:CCL.B) reached a new 52-week high during trading on Tuesday . The company traded as high as C$81.49 and last traded at C$81.12, with a volume of 107550 shares traded. The stock had previously closed at C$79.87.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CCL.B. National Bankshares raised their price objective on shares of CCL Industries from C$94.00 to C$96.00 and gave the company an “outperform” rating in a research note on Friday, August 15th. BMO Capital Markets boosted their price objective on CCL Industries from C$91.00 to C$95.00 in a research note on Friday, August 15th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$91.43.

CCL Industries Stock Up 1.9%

The business has a fifty day moving average of C$78.83 and a 200 day moving average of C$78.47. The company has a quick ratio of 1.31, a current ratio of 1.96 and a debt-to-equity ratio of 48.08. The firm has a market cap of C$14.20 billion, a P/E ratio of 18.25, a P/E/G ratio of 0.26 and a beta of 0.60.

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.