CCL Industries (TSE:CCL.B) Sets New 52-Week High – Here’s What Happened

Shares of CCL Industries Inc. (TSE:CCL.B) hit a new 52-week high on Wednesday . The stock traded as high as C$94.54 and last traded at C$94.31, with a volume of 201931 shares. The stock had previously closed at C$94.63.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. National Bank Financial boosted their target price on shares of CCL Industries from C$102.00 to C$104.00 and gave the company an “outperform” rating in a report on Friday, May 15th. TD increased their price target 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. Royal Bank Of Canada lifted their price target on shares of CCL Industries from C$99.00 to C$100.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Stifel Nicolaus boosted their price objective on shares of CCL Industries from C$103.00 to C$105.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Finally, ATB Cormark Capital Markets upped their price objective on CCL Industries from C$101.00 to C$102.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, CCL Industries has an average rating of “Moderate Buy” and an average price target of C$101.80.

CCL Industries Stock Down 0.4%

The firm has a market capitalization of C$16.19 billion, a price-to-earnings ratio of 20.62, a price-to-earnings-growth ratio of 0.26 and a beta of 0.93. The company has a current ratio of 1.96, a quick ratio of 1.31 and a debt-to-equity ratio of 48.08. The firm has a 50 day moving average price of C$88.72 and a two-hundred day moving average price of C$87.42.

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.