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

CCL Industries Inc. (TSE:CCL.B)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as C$92.05 and last traded at C$91.86, with a volume of 110312 shares changing hands. The stock had previously closed at C$92.65.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CCL.B. Stifel Nicolaus boosted 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 report on Friday, May 15th. Royal Bank Of Canada lifted their target price on CCL Industries from C$99.00 to C$100.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. ATB Cormark Capital Markets boosted their price target on CCL Industries from C$101.00 to C$102.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. TD increased their price objective on CCL Industries from C$105.00 to C$110.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Finally, National Bank Financial boosted their target price on CCL Industries from C$102.00 to C$104.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, CCL Industries has a consensus rating of “Moderate Buy” and an average price target of C$101.80.

CCL Industries Price Performance

The stock has a market capitalization of C$15.44 billion, a P/E ratio of 19.65, a PEG ratio of 0.26 and a beta of 0.93. 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 has a fifty day moving average price of C$87.11 and a two-hundred day moving average price of C$87.03.

About CCL Industries

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.