CCL Industries (TSE:CCL.B) Stock Crosses Above Two Hundred Day Moving Average of $61.54

CCL Industries Inc. (TSE:CCL.B) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$61.54 and traded as high as C$71.21. CCL Industries shares last traded at C$71.00, with a volume of 149,324 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts have commented on CCL.B shares. Stifel Nicolaus raised shares of CCL Industries from a “hold” rating to a “buy” rating and upped their price objective for the company from C$65.00 to C$79.00 in a report on Monday, February 26th. Raymond James raised shares of CCL Industries from a “market perform” rating to an “outperform” rating and upped their price objective for the company from C$74.00 to C$78.00 in a report on Thursday, March 7th. CIBC increased their price target on shares of CCL Industries from C$82.00 to C$83.00 in a report on Thursday, April 11th. National Bankshares increased their price target on shares of CCL Industries from C$79.00 to C$81.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Finally, Royal Bank of Canada increased their price target on shares of CCL Industries from C$72.00 to C$81.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$78.90.

CCL Industries Price Performance

The company has a quick ratio of 1.31, a current ratio of 1.89 and a debt-to-equity ratio of 49.37. The business’s 50-day simple moving average is C$69.52 and its 200 day simple moving average is C$61.58. The firm has a market capitalization of C$11.78 billion, a P/E ratio of 24.07, a PEG ratio of 0.26 and a beta of 0.55.

Insider Buying and Selling

In related news, Director Derek Cumming sold 700 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of C$69.51, for a total value of C$48,653.50. In other CCL Industries news, Director Derek Cumming sold 700 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of C$69.51, for a total transaction of C$48,653.50. Also, Director Stuart W. Lang sold 175,000 shares of the firm’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of C$73.84, for a total value of C$12,921,300.00. Insiders sold 293,799 shares of company stock valued at $21,357,228 over the last quarter. 10.03% of the stock is owned by company insiders.

About CCL Industries

CCL Industries Inc manufactures and sells labels, containers, consumer printable media products, technology driven label solutions, polymer bank note substrates, and specialty films. The company operates through four segments: CCL, Avery, Checkpoint, and Innovia. The CCL segment offers pressure sensitive and specialty extruded film materials for decorative, instructional, functional, and security applications in the consumer packaging, healthcare, chemicals, consumer electronic device, and automotive markets.