CCL Industries (TSE:CCL.B) Hits New 1-Year High – Should You Buy?

CCL Industries Inc. (TSE:CCL.B) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$83.99 and last traded at C$80.84, with a volume of 79557 shares traded. The stock had previously closed at C$81.19.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CCL.B. BMO Capital Markets raised their price objective on shares of CCL Industries from C$84.00 to C$90.00 in a research note on Thursday, September 12th. National Bankshares lifted their target price on shares of CCL Industries from C$84.00 to C$87.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Raymond James lifted their price target on CCL Industries from C$84.00 to C$87.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. TD Securities boosted their price objective on shares of CCL Industries from C$92.00 to C$98.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Finally, Scotiabank boosted 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 equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$86.11.

CCL Industries Trading Down 0.4 %

The company has a market cap of C$13.51 billion, a price-to-earnings ratio of 21.61, a price-to-earnings-growth ratio of 0.26 and a beta of 0.57. The firm has a 50-day moving average price of C$80.88 and a 200 day moving average price of C$75.18. The company has a current ratio of 1.96, a quick ratio of 1.31 and a debt-to-equity ratio of 48.08.

Insider Activity at CCL Industries

In other news, Senior Officer Lalitha Vaidyanathan sold 13,524 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of C$76.39, for a total transaction of C$1,033,064.55. In related news, Director Derek Cumming sold 10,000 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of C$81.41, for a total transaction of C$814,100.00. Also, Senior Officer Lalitha Vaidyanathan sold 13,524 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of C$76.39, for a total value of C$1,033,064.55. Insiders sold 121,381 shares of company stock worth $9,376,236 in the last 90 days. 11.22% of the stock is currently owned by company insiders.

About CCL Industries

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.