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

CCL Industries Inc. (TSE:CCL.B)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as C$92.05 and last traded at C$91.86, with a volume of 110312 shares changing hands. The stock had previously closed at C$92.65.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. TD lifted their price objective on CCL Industries from C$105.00 to C$110.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Stifel Nicolaus upped their target price on 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. National Bank Financial upped their target price on CCL Industries from C$102.00 to C$104.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. ATB Cormark Capital Markets raised their target price 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. Finally, Royal Bank Of Canada lifted their price target 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 research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, CCL Industries presently has an average rating of “Moderate Buy” and a consensus target price of C$101.80.

CCL Industries Price Performance

The company has a quick ratio of 1.31, a current ratio of 1.96 and a debt-to-equity ratio of 48.08. The stock’s 50-day simple moving average is C$86.92 and its two-hundred day simple moving average is C$86.92. The company has a market capitalization of C$15.79 billion, a price-to-earnings ratio of 20.11, a PEG ratio of 0.26 and a beta of 0.93.

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.