CCL Industries (TSE:CCL.B) Hits New 12-Month High – Should You Buy?

CCL Industries Inc. (TSE:CCL.B) hit a new 52-week high on Monday . The stock traded as high as C$89.91 and last traded at C$89.41, with a volume of 53926 shares. The stock had previously closed at C$88.16.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Stifel Nicolaus increased their price target on shares of CCL Industries from C$92.00 to C$103.00 in a report on Thursday, November 13th. Royal Bank Of Canada upped their price target on CCL Industries from C$90.00 to C$94.00 in a report on Thursday, November 13th. Canadian Imperial Bank of Commerce lifted their price objective on CCL Industries from C$93.00 to C$99.00 in a report on Friday, November 14th. National Bank Financial upped their price objective on shares of CCL Industries from C$97.00 to C$100.00 and gave the company an “outperform” rating in a research note on Thursday, February 5th. Finally, Raymond James Financial boosted their price target on CCL Industries from C$90.00 to C$95.00 in a report on Thursday, November 13th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$98.63.

CCL Industries Stock Up 0.8%

The stock has a market cap of C$15.86 billion, a price-to-earnings ratio of 19.95, a price-to-earnings-growth ratio of 0.26 and a beta of 0.45. The firm’s 50-day moving average is C$86.50 and its 200 day moving average is C$82.81. The company has a debt-to-equity ratio of 48.08, a current ratio of 1.96 and a quick ratio of 1.31.

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.