CCL Industries (TSE:CCL.B) Reaches New 1-Year High – Here’s Why

CCL Industries Inc. (TSE:CCL.B)’s share price reached a new 52-week high on Thursday . The company traded as high as C$95.82 and last traded at C$95.67, with a volume of 200158 shares trading hands. The stock had previously closed at C$91.58.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CCL.B shares. ATB Cormark Capital Markets raised 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 note on Friday, May 15th. TD increased their price objective 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. National Bank Financial raised their target price on CCL Industries from C$102.00 to C$104.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. Royal Bank Of Canada boosted their target price on CCL Industries from C$99.00 to C$100.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Finally, Stifel Nicolaus upped their price target on CCL Industries from C$103.00 to C$105.00 and gave the company a “buy” rating in a research 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$101.80.

CCL Industries Price Performance

The stock has a market cap of C$16.49 billion, a PE ratio of 21.00, a P/E/G ratio of 0.26 and a beta of 0.95. 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 firm’s 50 day moving average price is C$89.90 and its two-hundred day moving average price is C$87.90.

About CCL Industries

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.