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

CCL Industries Inc. (TSE:CCL.A)’s share price hit 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 traded. The stock had previously closed at C$100.05.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial raised their price objective 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 investment analyst has rated the stock with a Buy rating. According to MarketBeat.com, CCL Industries presently has a consensus rating of “Buy” and a consensus price target of C$115.00.

CCL Industries Stock Performance

The stock has a market capitalization of C$17.16 billion, a P/E ratio of 21.73 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 business has a fifty day moving average price of C$94.98 and a 200-day moving average price of C$90.12.

CCL Industries (TSE:CCL.A) last released its quarterly earnings data on Wednesday, August 12th. The company reported C$1.35 EPS for the quarter. CCL Industries had a return on equity of 14.28% and a net margin of 9.80%. The company had revenue of C$2.11 billion for the quarter. On average, sell-side analysts expect 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.