CCL Industries (TSE:CCL.B) Sets New 1-Year High – Should You Buy?

CCL Industries Inc. (TSE:CCL.B)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as C$94.54 and last traded at C$94.31, with a volume of 201931 shares trading hands. The stock had previously closed at C$94.63.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. 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. Stifel Nicolaus boosted their price objective on CCL Industries from C$103.00 to C$105.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Royal Bank Of Canada upped their target price on CCL Industries from C$99.00 to C$100.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. National Bank Financial increased 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. Finally, TD raised their target price on CCL Industries from C$105.00 to C$110.00 and gave the company a “buy” rating in a report on Friday, May 15th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$101.80.

CCL Industries Stock Performance

The firm has a market capitalization of C$16.19 billion, a PE ratio of 20.62, a price-to-earnings-growth ratio of 0.26 and a beta of 0.93. The company has a debt-to-equity ratio of 48.08, a current ratio of 1.96 and a quick ratio of 1.31. The stock has a 50-day moving average price of C$88.72 and a 200-day moving average price of C$87.42.

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.