CCL Industries Inc. (TSE:CCL.B - Get Free Report)'s share price hit a new 52-week high during trading on Monday . The stock traded as high as C$84.63 and last traded at C$84.56, with a volume of 75181 shares. The stock had previously closed at C$82.73.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on CCL.B shares. National Bankshares increased their price objective 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. Raymond James upped their target price on CCL Industries from C$84.00 to C$87.00 and gave the company an "outperform" rating in a report on Monday, August 12th. BMO Capital Markets upped their target price on CCL Industries from C$84.00 to C$90.00 in a report on Thursday, September 12th. CIBC upped their target price on CCL Industries from C$86.00 to C$88.00 and gave the company an "outperform" rating in a report on Wednesday, August 14th. Finally, Scotiabank upped their target price on 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 research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of C$86.11.
Check Out Our Latest Stock Analysis on CCL.B
CCL Industries Stock Performance
The company has a market capitalization of C$14.07 billion, a PE ratio of 22.49, a PEG ratio of 0.26 and a beta of 0.57. The company has a 50-day moving average price of C$79.68 and a two-hundred day moving average price of C$74.26. The company has a quick ratio of 1.31, a current ratio of 1.96 and a debt-to-equity ratio of 48.08.
Insider Activity at CCL Industries
In other news, insider CCL Industries Inc. purchased 67,024 shares of the company's stock in a transaction on Friday, August 30th. The stock was purchased at an average price of C$76.93 per share, with a total value of C$5,155,915.03. In other news, Senior Officer Mark Mcclendon sold 400 shares of the business's stock in a transaction dated Monday, August 12th. The stock was sold at an average price of C$73.47, for a total value of C$29,388.00. Also, insider CCL Industries Inc. bought 67,024 shares of the stock in a transaction dated Friday, August 30th. The stock was bought at an average cost of C$76.93 per share, with a total value of C$5,155,915.03. Over the last quarter, insiders sold 121,781 shares of company stock valued at $9,405,624. Company insiders own 11.22% of the company's stock.
CCL Industries Company Profile
(
Get Free Report)
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.
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