Shares of CCL Industries Inc. (TSE:CCL.A – Get Free Report) reached a new 52-week high during mid-day trading on Wednesday. The company traded as high as C$105.25 and last traded at C$105.25, with a volume of 120 shares. The stock had previously closed at C$100.05.
Analysts Set New Price Targets
Separately, National Bank Financial lifted their price objective on CCL Industries from C$106.00 to C$115.00 and gave the company an “outperform” rating in a research report on Wednesday, October 28th. One investment analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, CCL Industries currently has a consensus rating of “Buy” and an average target price of C$115.00.
Get Our Latest Analysis on CCL Industries
CCL Industries Stock 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 business’s 50-day moving average is C$94.98 and its 200-day moving average is C$90.12. The company 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 announced its quarterly earnings data on Wednesday, August 12th. The company reported C$1.35 earnings per share 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. On average, research analysts anticipate that CCL Industries Inc. will post 4.64 earnings per share 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.
Featured Stories
- Five stocks we like better than CCL Industries
- Can Constellation Energy’s Contracts Power a Stock Rebound?
- Why Apple Stock Looks Like a Safe Haven After the Midterms
- IonQ Raised the Bar, But 3 Quantum Rivals Face Tough Questions
- On Holding’s Sell-Off Overlooks a Key Part of Its Earnings Story
Receive News & Ratings for CCL Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CCL Industries and related companies with MarketBeat.com's FREE daily email newsletter.
