CCL Industries (TSE:CCL.B) Reaches New 52-Week High – What’s Next?

CCL Industries Inc. (TSE:CCL.B)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as C$91.49 and last traded at C$91.06, with a volume of 174018 shares traded. The stock had previously closed at C$89.22.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CCL.B. Raymond James Financial boosted their target price on CCL Industries from C$95.00 to C$100.00 in a report on Friday, February 27th. TD boosted their price target on shares of CCL Industries from C$105.00 to C$110.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Royal Bank Of Canada increased 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. Stifel Nicolaus increased their target price on shares of CCL Industries from C$103.00 to C$105.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Finally, ATB Cormark Capital Markets lifted their price objective on CCL Industries from C$101.00 to C$102.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, CCL Industries currently has an average rating of “Moderate Buy” and a consensus price target of C$101.80.

CCL Industries Stock Performance

The company has a quick ratio of 1.31, a current ratio of 1.96 and a debt-to-equity ratio of 48.08. The stock has a 50 day simple moving average of C$86.22 and a two-hundred day simple moving average of C$86.53. The stock has a market capitalization of C$15.81 billion, a P/E ratio of 20.13, a P/E/G ratio of 0.26 and a beta of 0.95.

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.