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

CCL Industries Inc. (TSE:CCL.B)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as C$94.54 and last traded at C$94.31, with a volume of 201931 shares changing hands. The stock had previously closed at C$94.63.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CCL.B. Stifel Nicolaus upped their price target 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. TD raised 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 report on Friday, May 15th. National Bank Financial lifted their target price 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. ATB Cormark Capital Markets upped their target price on shares of CCL Industries from C$101.00 to C$102.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Finally, Royal Bank Of Canada increased their price target on CCL Industries from C$99.00 to C$100.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, CCL Industries presently has an average rating of “Moderate Buy” and a consensus price target of C$101.80.

CCL Industries Trading Down 1.2%

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 company has a market capitalization of C$15.96 billion, a PE ratio of 20.32, a PEG ratio of 0.26 and a beta of 0.93. The stock has a fifty day moving average of C$88.89 and a 200 day moving average of C$87.49.

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.