CCL Industries Inc. (TSE:CCL.B – Get Free Report) reached a new 52-week high during mid-day trading on Wednesday. The company traded as high as C$100.52 and last traded at C$100.30, with a volume of 51,633 shares. The stock had previously closed at C$99.45.
Wall Street Analysts Forecast Growth
Several analysts have commented on the stock. TD set a C$115.00 price target on shares of CCL Industries and gave the company a “buy” rating in a research note on Thursday, September 10th. Canadian Imperial Bank of Commerce upped their price target on shares of CCL Industries from C$104.00 to C$113.00 in a report on Friday, August 14th. Raymond James Financial increased their price objective on shares of CCL Industries from C$100.00 to C$105.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Royal Bank Of Canada raised their price objective on shares of CCL Industries from C$100.00 to C$107.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Finally, National Bank Financial boosted their price objective on shares of CCL Industries from C$104.00 to C$106.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$106.60.
Read Our Latest Research Report on CCL.B
CCL Industries Trading Up 0.2%
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 has a 50-day moving average of C$95.23 and a 200-day moving average of C$90.05. The firm has a market cap of C$16.97 billion, a price-to-earnings ratio of 21.49, a P/E/G ratio of 0.26 and a beta of 0.79.
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.
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