CCL Industries (TSE:CCL.B) Hits New 1-Year Low – What’s Next?

CCL Industries Inc. (TSE:CCL.B) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as C$69.00 and last traded at C$69.42, with a volume of 151320 shares trading hands. The stock had previously closed at C$69.78.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. CIBC cut their target price on CCL Industries from C$97.00 to C$96.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 25th. Scotiabank increased their price objective on shares of CCL Industries from C$85.00 to C$86.00 in a research report on Friday, February 21st. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$90.38.

CCL Industries Price Performance

The company has a current ratio of 1.96, a quick ratio of 1.31 and a debt-to-equity ratio of 48.08. The stock has a 50 day simple moving average of C$71.85 and a 200-day simple moving average of C$75.87. The firm has a market cap of C$11.74 billion, a PE ratio of 18.69, a price-to-earnings-growth ratio of 0.26 and a beta of 0.57.

Insider Buying and Selling at CCL Industries

In other news, Director Tom Peddie sold 400 shares of the business’s stock in a transaction dated Friday, March 28th. The shares were sold at an average price of C$69.85, for a total value of C$27,940.00. Following the sale, the director now directly owns 100 shares in the company, valued at C$6,985. The trade was a 80.00 % decrease in their position. Also, insider CCL Industries Inc. purchased 67,024 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was acquired at an average cost of C$73.98 per share, with a total value of C$4,958,609.78. In the last ninety days, insiders have sold 8,427 shares of company stock worth $609,884. Insiders own 11.22% of the company’s stock.

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.