CCL Industries (TSE:CCL.B) Sets New 1-Year High at $74.56

CCL Industries Inc. (TSE:CCL.B)’s share price hit a new 52-week high on Wednesday . The company traded as high as C$74.56 and last traded at C$74.21, with a volume of 48974 shares trading hands. The stock had previously closed at C$74.11.

Analyst Upgrades and Downgrades

CCL.B has been the topic of a number of research reports. Stifel Nicolaus raised their price target on shares of CCL Industries from C$79.00 to C$83.00 in a research note on Friday, May 10th. Raymond James raised their price target on shares of CCL Industries from C$80.00 to C$84.00 and gave the stock an “outperform” rating in a report on Tuesday, June 11th. CIBC raised their price target on shares of CCL Industries from C$83.00 to C$85.00 in a report on Thursday, July 18th. TD Securities raised their price target on shares of CCL Industries from C$84.00 to C$90.00 in a report on Friday, May 10th. Finally, Royal Bank of Canada raised their price target on shares of CCL Industries from C$81.00 to C$83.00 in a report on Friday, May 10th. Eight investment 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 an average price target of C$82.20.

CCL Industries Price Performance

The company has a current ratio of 1.95, a quick ratio of 1.31 and a debt-to-equity ratio of 48.74. The company’s fifty day moving average is C$71.74 and its two-hundred day moving average is C$67.95. The stock has a market cap of C$12.50 billion, a price-to-earnings ratio of 24.19, a P/E/G ratio of 0.26 and a beta of 0.53.

Insider Buying and Selling at CCL Industries

In other CCL Industries news, Director Scott Mitchell-Harris sold 2,375 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of C$71.34, for a total value of C$169,432.50. In other news, Senior Officer James Andrew Sellors sold 30,000 shares of CCL Industries stock in a transaction on Friday, May 17th. The shares were sold at an average price of C$71.35, for a total transaction of C$2,140,461.00. Also, Director Scott Mitchell-Harris sold 2,375 shares of CCL Industries stock in a transaction on Friday, May 10th. The stock was sold at an average price of C$71.34, for a total transaction of C$169,432.50. Insiders sold 52,375 shares of company stock valued at $3,743,694 in the last 90 days. Company insiders own 11.13% of the company’s stock.

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.