CCL Industries (TSE:CCL.B) Sets New 1-Year High Following Analyst Upgrade

Shares of CCL Industries Inc. (TSE:CCL.B) hit a new 52-week high during trading on Thursday after TD Securities raised their price target on the stock from C$100.00 to C$105.00. The stock traded as high as C$89.16 and last traded at C$88.55, with a volume of 205757 shares changing hands. The stock had previously closed at C$87.02.

CCL.B has been the topic of several other research reports. Royal Bank Of Canada lifted their target price on shares of CCL Industries from C$90.00 to C$94.00 in a research report on Thursday, November 13th. Raymond James Financial increased their price target on CCL Industries from C$90.00 to C$95.00 in a research report on Thursday, November 13th. CIBC boosted their price objective on CCL Industries from C$93.00 to C$99.00 in a research report on Friday, November 14th. Stifel Nicolaus upped their price target on CCL Industries from C$92.00 to C$103.00 in a research report on Thursday, November 13th. Finally, Scotiabank lifted their price objective on CCL Industries from C$91.00 to C$94.00 in a report on Thursday, November 13th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$97.88.

CCL Industries Stock Up 1.8%

The company has a market capitalization of C$15.34 billion, a P/E ratio of 19.29, a price-to-earnings-growth ratio of 0.26 and a beta of 0.57. The company has a 50-day moving average of C$85.54 and a two-hundred day moving average of C$81.54. The company has a quick ratio of 1.31, a current ratio of 1.96 and a debt-to-equity ratio of 48.08.

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.