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

CCL Industries Inc. (TSE:CCL.B) reached a new 52-week high on Monday . The stock 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.

Analysts Set New Price Targets

CCL.B has been the subject of several research reports. TD boosted their price target on CCL Industries from C$105.00 to C$110.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Stifel Nicolaus lifted their target price on shares of CCL Industries from C$103.00 to C$105.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. National Bank Financial upped 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. Royal Bank Of Canada increased their target price on shares of CCL Industries from C$99.00 to C$100.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Finally, ATB Cormark Capital Markets boosted their price target on shares of CCL Industries from C$101.00 to C$102.00 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 issued a Hold rating to the company. According to MarketBeat.com, CCL Industries presently has a consensus rating of “Moderate Buy” and a consensus target price of C$101.80.

CCL Industries Stock Down 0.8%

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 business has a 50 day simple moving average of C$86.92 and a 200-day simple moving average of C$86.92. The firm has a market capitalization of C$15.79 billion, a price-to-earnings ratio of 20.11, a P/E/G ratio of 0.26 and a beta of 0.93.

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.