CCL Industries Inc. (TSE:CCL.B – Get Free Report)’s share price reached a new 52-week high during trading on Thursday after BMO Capital Markets raised their price target on the stock from C$84.00 to C$90.00. The company traded as high as C$82.96 and last traded at C$81.88, with a volume of 5806 shares. The stock had previously closed at C$81.47.
Several other equities research analysts have also recently commented on the company. CIBC raised their target price on CCL Industries from C$86.00 to C$88.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 14th. TD Securities lifted their price objective on shares of CCL Industries from C$90.00 to C$92.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Raymond James boosted their target price on shares of CCL Industries from C$84.00 to C$87.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. National Bankshares raised their price target on shares of CCL Industries from C$84.00 to C$87.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. Finally, Scotiabank upped their price objective on shares of CCL Industries from C$80.00 to C$84.00 and gave the company an “outperform” rating in a report on Monday, August 12th. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$85.44.
View Our Latest Stock Analysis on CCL Industries
Insider Buying and Selling
CCL Industries Trading Down 0.2 %
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 market capitalization of C$13.51 billion, a PE ratio of 21.50, a PEG ratio of 0.26 and a beta of 0.56. The stock’s 50 day moving average price is C$75.17 and its 200-day moving average price is C$72.35.
CCL Industries Company Profile
CCL Industries Inc manufactures and sells labels, containers, consumer printable media products, technology driven label solutions, polymer bank note substrates, and specialty films. The company operates through four segments: CCL, Avery, Checkpoint, and Innovia. The CCL segment offers pressure sensitive and specialty extruded film materials for decorative, instructional, functional, and security applications in the consumer packaging, healthcare, chemicals, consumer electronic device, and automotive markets.
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