CCL Industries (TSE:CCL.B) Hits New 12-Month High – Still a Buy?

CCL Industries Inc. (TSE:CCL.B)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$95.82 and last traded at C$95.67, with a volume of 200158 shares traded. The stock had previously closed at C$91.58.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on CCL.B shares. National Bank Financial raised their price objective on 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. TD upped their target price on shares of CCL Industries from C$105.00 to C$110.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Stifel Nicolaus increased their target price on shares of CCL Industries from C$103.00 to C$105.00 and gave the company a “buy” rating in a report on Friday, May 15th. ATB Cormark Capital Markets raised their price target on shares of CCL Industries from C$101.00 to C$102.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Finally, Royal Bank Of Canada upped their price objective on shares of CCL Industries from C$99.00 to C$100.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$101.80.

CCL Industries Price Performance

The stock has a market cap of C$16.49 billion, a P/E ratio of 21.00, a P/E/G ratio of 0.26 and a beta of 0.95. 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$89.90 and a 200-day simple moving average of C$87.90.

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.