CCL Industries (TSE:CCL.B) Sets New 52-Week High at $72.32

CCL Industries Inc. (TSE:CCL.B)’s stock price reached a new 52-week high on Wednesday . The company traded as high as C$72.32 and last traded at C$71.18, with a volume of 328548 shares changing hands. The stock had previously closed at C$69.53.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CCL.B. CIBC upped their price objective on shares of CCL Industries from C$72.00 to C$82.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Pi Financial raised their target price on CCL Industries from C$74.00 to C$75.00 and gave the stock a “buy” rating in a research note on Friday, December 15th. BMO Capital Markets increased their price target on CCL Industries from C$76.00 to C$81.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. National Bankshares raised their price objective on shares of CCL Industries from C$79.00 to C$81.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Finally, Stifel Nicolaus upgraded CCL Industries from a “hold” rating to a “buy” rating and upped their price target for the stock from C$65.00 to C$79.00 in a report on Monday, February 26th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$78.40.

CCL Industries Price Performance

The business’s fifty day moving average price is C$59.81 and its 200-day moving average price is C$58.33. The company has a market capitalization of C$11.81 billion, a P/E ratio of 23.89, a P/E/G ratio of 0.26 and a beta of 0.55. The company has a current ratio of 1.89, a quick ratio of 1.31 and a debt-to-equity ratio of 49.37.

Insider Buying and Selling at CCL Industries

In other CCL Industries news, Director Scott Mitchell-Harris sold 1,378 shares of CCL Industries stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of C$59.80, for a total value of C$82,404.40. In related news, Director Gunther Johann Birkner sold 60,900 shares of the firm’s stock in a transaction on Friday, December 22nd. The stock was sold at an average price of C$59.55, for a total value of C$3,626,595.00. Also, Director Scott Mitchell-Harris sold 1,378 shares of the business’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of C$59.80, for a total transaction of C$82,404.40. Insiders sold a total of 72,978 shares of company stock worth $4,457,653 over the last three months. Company insiders own 10.05% of the company’s stock.

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.