CCL Industries Inc. (TSE:CCL.B – Get Rating)’s stock price hit a new 52-week low during trading on Thursday . The stock traded as low as C$55.00 and last traded at C$56.35, with a volume of 137763 shares. The stock had previously closed at C$54.13.
A number of research analysts recently issued reports on CCL.B shares. Scotiabank decreased their price objective on shares of CCL Industries from C$79.00 to C$78.00 in a report on Friday. Raymond James cut their price target on shares of CCL Industries from C$81.00 to C$79.00 and set an “outperform” rating on the stock in a research note on Monday, February 28th. TD Securities cut their price objective on shares of CCL Industries from C$80.00 to C$70.00 and set a “buy” rating on the stock in a research report on Tuesday, March 1st. CIBC cut their price objective on shares of CCL Industries from C$78.00 to C$71.00 in a research report on Thursday, April 21st. Finally, Royal Bank of Canada dropped their price target on shares of CCL Industries from C$80.00 to C$74.00 and set an “outperform” rating on the stock in a research report on Friday. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$76.13.
The firm has a market cap of C$10.68 billion and a price-to-earnings ratio of 17.90. The business’s 50-day simple moving average is C$57.02 and its two-hundred day simple moving average is C$62.37. The company has a current ratio of 1.73, a quick ratio of 1.22 and a debt-to-equity ratio of 49.41.
CCL Industries Company Profile (TSE:CCL.B)
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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