CCL Industries (TSE:CCL.B) Reaches New 1-Year High – Still a Buy?

CCL Industries Inc. (TSE:CCL.B)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as C$93.03 and last traded at C$89.98, with a volume of 89575 shares changing hands. The stock had previously closed at C$90.09.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Royal Bank Of Canada lifted their price target on shares of CCL Industries from C$99.00 to C$100.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. ATB Cormark Capital Markets increased their price target on CCL Industries from C$101.00 to C$102.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. National Bank Financial raised their target price on shares of CCL Industries from C$102.00 to C$104.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. TD upped their price target on shares of CCL Industries from C$105.00 to C$110.00 and gave the company a “buy” rating in a report on Friday, May 15th. Finally, Stifel Nicolaus increased their price objective on shares of CCL Industries from C$103.00 to C$105.00 and gave the stock a “buy” rating in a research report 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, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$101.80.

CCL Industries Trading Up 0.1%

The company has a debt-to-equity ratio of 48.08, a current ratio of 1.96 and a quick ratio of 1.31. The business’s 50-day moving average is C$87.38 and its two-hundred day moving average is C$87.10. The firm has a market cap of C$15.50 billion, a P/E ratio of 19.73, a P/E/G ratio of 0.26 and a beta of 0.93.

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.