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

CCL Industries Inc. (TSE:CCL.B)’s share price reached a new 52-week high on Tuesday . The stock 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.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Royal Bank Of Canada increased their price target 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. ATB Cormark Capital Markets lifted their price objective on shares of CCL Industries from C$101.00 to C$102.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. National Bank Financial upped 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 report on Friday, May 15th. Stifel Nicolaus increased 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, TD boosted their target price on shares of 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. Five research 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 stock has an average rating of “Moderate Buy” and a consensus price target of C$101.80.

CCL Industries Stock Performance

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 firm’s 50 day moving average is C$86.44 and its 200-day moving average is C$86.68. The stock has a market capitalization of C$15.84 billion, a price-to-earnings ratio of 20.17, a PEG 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.