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

CCL Industries Inc. (TSE:CCL.B) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$89.10 and last traded at C$88.58, with a volume of 123927 shares changing hands. The stock had previously closed at C$86.80.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Stifel Nicolaus boosted their price objective on CCL Industries from C$92.00 to C$103.00 in a research report on Thursday, November 13th. BMO Capital Markets lifted their price objective on CCL Industries from C$95.00 to C$97.00 in a report on Thursday, November 13th. Royal Bank Of Canada raised their target price on CCL Industries from C$90.00 to C$94.00 in a research report on Thursday, November 13th. Raymond James Financial increased their price objective on CCL Industries from C$90.00 to C$95.00 in a research note on Thursday, November 13th. Finally, Scotiabank lifted their price target on shares of CCL Industries from C$91.00 to C$94.00 in a report on Thursday, November 13th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$97.25.

CCL Industries Stock Performance

The company has a market cap of C$15.36 billion, a price-to-earnings ratio of 19.32, a PEG ratio of 0.26 and a beta of 0.57. The company has a debt-to-equity ratio of 48.08, a quick ratio of 1.31 and a current ratio of 1.96. The firm’s 50-day moving average price is C$84.10 and its 200 day moving average price is C$81.02.

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.