CCL Industries (TSE:CCL.B) Sets New 1-Year High – Still a Buy?

Shares of CCL Industries Inc. (TSE:CCL.B) hit a new 52-week high on Wednesday . The stock traded as high as C$91.49 and last traded at C$91.06, with a volume of 174018 shares trading hands. The stock had previously closed at C$89.22.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CCL.B. ATB Cormark Capital Markets upped their target price on 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. Royal Bank Of Canada upped their target price on shares of CCL Industries from C$99.00 to C$100.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Stifel Nicolaus lifted 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 report on Friday, May 15th. TD upped their target price on CCL Industries from C$105.00 to C$110.00 and gave the company a “buy” rating in a report on Friday, May 15th. Finally, National Bank Financial raised their price objective on shares of CCL Industries from C$102.00 to C$104.00 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$101.80.

CCL Industries Stock Up 1.9%

The company has a market cap of C$15.62 billion, a PE ratio of 19.89, a P/E/G ratio of 0.26 and a beta of 0.95. 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 has a 50-day moving average of C$86.08 and a 200-day moving average of C$86.41.

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.