Shares of CCL Industries Inc. (TSE:CCL.A – Get Free Report) reached 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.
Analysts Set New Price Targets
Separately, National Bank Financial raised their target price on shares of CCL Industries from C$106.00 to C$115.00 and gave the company an “outperform” rating in a research note on Wednesday, October 28th. One analyst has rated the stock with a Buy rating. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$115.00.
Read Our Latest Research Report on CCL Industries
CCL Industries Trading Up 4.0%
The company has a market cap of C$16.79 billion, a price-to-earnings ratio of 21.26 and a beta of 0.24. The company has a quick ratio of 1.31, a current ratio of 1.96 and a debt-to-equity ratio of 48.08. The company’s 50-day moving average is C$94.16 and its 200 day moving average is C$89.68.
CCL Industries (TSE:CCL.A – Get Free Report) last announced 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 business had revenue of C$2.11 billion for the quarter. Research analysts predict 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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