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

CCL Industries Inc. (TSE:CCL.B)’s stock price hit 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. The stock had previously closed at C$81.19.

Wall Street Analyst Weigh In

CCL.B has been the topic of a number of recent analyst reports. TD Securities upped their target price on CCL Industries from C$92.00 to C$98.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. CIBC upped their price objective 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. Scotiabank increased their price target on CCL Industries from C$80.00 to C$84.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Raymond James increased their price target on 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. Finally, BMO Capital Markets upped their price objective on CCL Industries from C$84.00 to C$90.00 in a report on Thursday, September 12th. Nine analysts have rated the stock with a buy rating, According to MarketBeat, CCL Industries has a consensus rating of “Buy” and an average target price of C$86.11.

CCL Industries Trading Down 0.4 %

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 P/E ratio of 21.61, a P/E/G ratio of 0.26 and a beta of 0.57. The firm’s 50 day simple moving average is C$80.88 and its two-hundred day simple moving average is C$75.18.

Insider Activity

In other news, Director Tom Peddie sold 4,000 shares of the company’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of C$73.75, for a total value of C$295,000.00. Following the completion of the sale, the director now owns 500 shares of the company’s stock, valued at approximately C$36,875. This represents a 0.00 % decrease in their position. In other CCL Industries news, insider CCL Industries Inc. acquired 67,024 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were bought at an average price of C$76.93 per share, with a total value of C$5,155,915.03. Also, Director Tom Peddie sold 4,000 shares of CCL Industries stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of C$73.75, for a total transaction of C$295,000.00. Following the sale, the director now owns 500 shares in the company, valued at approximately C$36,875. The trade was a 0.00 % decrease in their position. Insiders have sold a total of 121,381 shares of company stock valued at $9,376,236 over the last quarter. Company insiders own 11.22% 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.