CCL Industries Inc. (TSE:CCL.A – Get Free Report) reached a new 52-week high on Tuesday. The stock traded as high as C$99.50 and last traded at C$99.30, with a volume of 468 shares changing hands. The stock had previously closed at C$95.49.
Wall Street Analyst Weigh In
Separately, National Bank Financial boosted their price target on CCL Industries from C$106.00 to C$115.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 28th. One research analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$115.00.
Get Our Latest Stock Report on CCL Industries
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 stock’s 50 day simple moving average is C$94.52 and its two-hundred day simple moving average is C$89.90. The firm has a market capitalization of C$17.16 billion, a PE ratio of 21.73 and a beta of 0.24.
CCL Industries (TSE:CCL.A – Get Free Report) last issued its earnings results on Wednesday, August 12th. The company reported C$1.35 earnings per share for the quarter. CCL Industries had a return on equity of 14.28% and a net margin of 9.80%. The business had revenue of C$2.11 billion for the quarter. On average, sell-side analysts forecast that CCL Industries Inc. will post 4.64 EPS for the current year.
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. The Avery segment sells software, labels, tags, dividers, badges, and specialty card products under the Avery brand. The Checkpoint segment includes the manufacturing and selling of technology-driven, inventory management and labeling solutions.
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