CCL Industries (TSE:CCL.B) Reaches New 1-Year High – Here’s What Happened

CCL Industries Inc. (TSE:CCL.B) hit a new 52-week high on Friday . The company traded as high as C$89.05 and last traded at C$87.39, with a volume of 55999 shares traded. The stock had previously closed at C$86.70.

Analysts Set New Price Targets

CCL.B has been the subject of a number of recent research reports. BMO Capital Markets boosted their target price on shares of CCL Industries from C$95.00 to C$97.00 in a report on Thursday, November 13th. Royal Bank Of Canada lifted their price objective on shares of CCL Industries from C$90.00 to C$94.00 in a research report on Thursday, November 13th. CIBC increased their target price on shares of CCL Industries from C$93.00 to C$99.00 in a research report on Friday, November 14th. TD Securities raised their target price on shares of CCL Industries from C$95.00 to C$100.00 in a research note on Thursday, November 13th. Finally, Raymond James Financial upped their price target on CCL Industries from C$90.00 to C$95.00 in a research report on Thursday, November 13th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$97.25.

CCL Industries Price Performance

The stock’s 50 day simple moving average is C$83.52 and its 200-day simple moving average is C$80.74. The firm has a market cap of C$15.14 billion, a price-to-earnings ratio of 19.04, a price-to-earnings-growth ratio of 0.26 and a beta of 0.67. The company has a debt-to-equity ratio of 48.08, a quick ratio of 1.31 and a current ratio of 1.96.

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.