CCL Industries Inc. (TSE:CCL.A – Get Free Report)’s share price hit a new 52-week high during trading 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 Analysts Forecast Growth
Separately, National Bank Financial lifted their target price 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 investment analyst has rated the stock with a Buy rating. Based on data from MarketBeat, CCL Industries has an average rating of “Buy” and a consensus price target 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 firm has a fifty day simple moving average of C$94.16 and a 200 day simple moving average of C$89.68. The company has a market capitalization of C$16.79 billion, a PE ratio of 21.26 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 (EPS) for the quarter. CCL Industries had a net margin of 9.80% and a return on equity of 14.28%. The company had revenue of C$2.11 billion for the quarter. Equities analysts anticipate that CCL Industries Inc. will post 4.64 EPS for the current year.
About CCL Industries
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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