what does 11.6x 21CL PE mean?

General
1

Hey guys.

Could anyone enlighten me that the meaning of “11.6x 21CL PE” in the sentence “we now rate the stock based on a 11.6x 21CL PE, or an implied 0.61x PEG”, I almost searched for the meaning of CL, but none of them explained this sentence reasonably.

Thanks!

2

Can you put full para where you have seen that, in what context?