CCL Industries (TSE:CCL.A) Reaches New 52-Week High – Here’s What Happened

Shares of CCL Industries Inc. (TSE:CCL.A) hit a new 52-week high during 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 trading hands. The stock had previously closed at C$100.05.

Analyst Ratings Changes

Separately, National Bank Financial increased their price target on shares of 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 equities research analyst has rated the stock with a Buy rating. According to MarketBeat, CCL Industries currently has a consensus rating of “Buy” and a consensus price target of C$115.00.

CCL Industries Stock Up 1.5%

The company has a market capitalization of C$17.14 billion, a P/E ratio of 21.55 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 firm has a fifty day simple moving average of C$95.39 and a 200-day simple moving average of C$90.28.

CCL Industries (TSE:CCL.A) last released its quarterly earnings data on Tuesday, November 10th. The company reported C$1.36 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$2.22 billion for the quarter. On average, equities research analysts expect that CCL Industries Inc. will post 4.64 EPS for the current fiscal 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.