CCL Industries (TSE:CCL.B) Sets New 12-Month High – Should You Buy?

CCL Industries Inc. (TSE:CCL.B)’s share price reached a new 52-week high on Tuesday . The company traded as high as C$92.05 and last traded at C$92.47, with a volume of 87519 shares trading hands. The stock had previously closed at C$92.29.

Analysts Set New Price Targets

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

CCL Industries Trading Up 0.6%

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 fifty day simple moving average of C$86.66 and a 200 day simple moving average of C$86.80. The company has a market cap of C$15.99 billion, a P/E ratio of 20.36, a P/E/G ratio of 0.26 and a beta of 0.95.

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.