CCL Industries (TSE:CCL.B) Sets New 12-Month Low at $57.16

CCL Industries Inc. (TSE:CCL.B)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$57.16 and last traded at C$57.34, with a volume of 61690 shares traded. The stock had previously closed at C$58.19.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. TD Securities lifted their price objective on CCL Industries from C$73.00 to C$77.00 and gave the stock a “buy” rating in a research report on Tuesday, May 16th. Cormark cut their price target on CCL Industries from C$78.00 to C$75.00 in a report on Friday, August 11th. National Bankshares boosted their price target on CCL Industries from C$78.00 to C$79.00 in a report on Friday, August 11th. CIBC cut their price target on CCL Industries from C$77.00 to C$74.00 in a report on Monday, August 14th. Finally, BMO Capital Markets cut their price target on CCL Industries from C$79.00 to C$77.00 in a report on Friday, August 11th.

CCL Industries Trading Down 1.6 %

The company has a current ratio of 2.05, a quick ratio of 1.31 and a debt-to-equity ratio of 51.39. The business’s 50-day simple moving average is C$62.29 and its two-hundred day simple moving average is C$64.07. The company has a market capitalization of C$9.50 billion, a PE ratio of 16.39, a PEG ratio of 0.26 and a beta of 0.58.

About CCL Industries

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.