CCL Industries (TSE:CCL.B) Hits New 1-Year Low - What's Next?

CCL Industries Inc. (TSE:CCL.B - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$0.01 and last traded at C$73.63, with a volume of 149962 shares changing hands. The stock had previously closed at C$74.23.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CCL.B. BMO Capital Markets lifted their target price on shares of CCL Industries from C$90.00 to C$93.00 in a research note on Friday, November 15th. Royal Bank of Canada reduced their price objective on CCL Industries from C$92.00 to C$90.00 in a report on Friday, November 15th. Stifel Nicolaus lifted their price target on shares of CCL Industries from C$85.00 to C$90.00 in a research report on Monday, November 18th. TD Securities lowered their price target on CCL Industries from C$98.00 to C$94.00 in a research note on Friday, November 15th. Finally, Scotiabank raised their price objective on CCL Industries from C$85.00 to C$86.00 in a research note on Friday, February 21st. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of C$90.38.

CCL Industries Stock Up 3.8 %

The company has a debt-to-equity ratio of 48.08, a current ratio of 1.96 and a quick ratio of 1.31. The firm has a 50-day moving average of C$72.35 and a 200 day moving average of C$76.51. The stock has a market capitalization of C$12.50 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 0.26 and a beta of 0.57.

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Insider Activity

In related news, insider CCL Industries Inc. bought 67,024 shares of the business's stock in a transaction dated Friday, February 28th. The stock was bought at an average price of C$73.98 per share, for a total transaction of C$4,958,609.78. Also, Director Mark Cooper sold 5,556 shares of CCL Industries stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of C$71.94, for a total transaction of C$399,707.53. Insiders own 11.22% of the company's stock.

CCL Industries Company Profile

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.