CCL Industries (TSE:CCL.B) Sets New 52-Week High – Time to Buy?

CCL Industries Inc. (TSE:CCL.B) reached a new 52-week high during trading on Monday . The company traded as high as C$91.00 and last traded at C$90.89, with a volume of 56830 shares trading hands. The stock had previously closed at C$89.98.

Wall Street Analyst Weigh In

CCL.B has been the topic of a number of research analyst reports. National Bank Financial increased their price objective on shares of CCL Industries from C$102.00 to C$104.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. TD increased their price objective on shares of CCL Industries from C$105.00 to C$110.00 and gave the company a “buy” rating in a research note on Friday, May 15th. ATB Cormark Capital Markets increased their price objective on shares of CCL Industries from C$101.00 to C$102.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Raymond James Financial increased their price objective on shares of CCL Industries from C$95.00 to C$100.00 in a research note on Friday, February 27th. Finally, Stifel Nicolaus increased their price objective on shares of CCL Industries from C$103.00 to C$105.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$101.80.

CCL Industries Stock Performance

The stock’s 50-day moving average price is C$86.46 and its 200-day moving average price is C$86.04. 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 company has a market capitalization of C$15.58 billion, a P/E ratio of 19.84, a P/E/G ratio of 0.26 and a beta of 0.90.

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.