CCL Industries (TSE:CCL.B) Hits New 1-Year Low - Should You Sell?

CCL Industries Inc. (TSE:CCL.B - Get Free Report) reached a new 52-week low during trading on Thursday . The company traded as low as C$69.00 and last traded at C$69.42, with a volume of 151320 shares changing hands. The stock had previously closed at C$69.78.

Wall Street Analysts Forecast Growth

CCL.B has been the topic of a number of recent analyst reports. CIBC reduced their target price on CCL Industries from C$97.00 to C$96.00 and set an "outperform" rating on the stock in a report on Tuesday, February 25th. Scotiabank boosted their price objective on shares of CCL Industries from C$85.00 to C$86.00 in a report on Friday, February 21st. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, CCL Industries currently has an average rating of "Buy" and an average price target of C$90.38.

CCL Industries Price 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 has a market capitalization of C$10.99 billion, a price-to-earnings ratio of 17.49, a price-to-earnings-growth ratio of 0.26 and a beta of 0.57. The company has a 50-day moving average of C$71.15 and a 200-day moving average of C$75.44.

Insider Activity

In other CCL Industries news, Director Scott Mitchell-Harris sold 2,141 shares of the company's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of C$73.98, for a total transaction of C$158,391.18. Also, Director Tom Peddie sold 400 shares of the firm's stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of C$69.85, for a total transaction of C$27,940.00. Following the transaction, the director now directly owns 100 shares of the company's stock, valued at C$6,985. This represents a 80.00 % decrease in their ownership of the stock. Insiders sold 8,427 shares of company stock worth $609,884 over the last quarter. 11.22% of the stock is currently owned by company insiders.

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.