CCL Industries (TSE:CCL.B) Share Price Passes Above 200-Day Moving Average – Should You Sell?

CCL Industries Inc. (TSE:CCL.B)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$74.17 and traded as high as C$82.73. CCL Industries shares last traded at C$82.70, with a volume of 426,927 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Scotiabank upped their price target on shares of CCL Industries from C$80.00 to C$84.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. TD Securities increased their target price on CCL Industries from C$92.00 to C$98.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. National Bankshares boosted their price target on CCL Industries from C$84.00 to C$87.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. BMO Capital Markets raised their price objective on CCL Industries from C$84.00 to C$90.00 in a report on Thursday, September 12th. Finally, CIBC boosted their target price on CCL Industries from C$86.00 to C$88.00 and gave the stock an “outperform” rating in a report on Wednesday, August 14th. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$86.11.

CCL Industries Stock Up 0.0 %

The company has a debt-to-equity ratio of 48.08, a current ratio of 1.96 and a quick ratio of 1.31. The stock’s fifty day simple moving average is C$79.68 and its 200-day simple moving average is C$74.26. The stock has a market cap of C$13.82 billion, a P/E ratio of 22.00, a PEG ratio of 0.26 and a beta of 0.57.

Insider Buying and Selling

In other news, insider CCL Industries Inc. purchased 67,024 shares of the company’s stock in a transaction on Friday, August 30th. The shares were bought at an average price of C$76.93 per share, for a total transaction of C$5,155,915.03. In other CCL Industries news, insider CCL Industries Inc. purchased 67,024 shares of the stock in a transaction dated Friday, August 30th. The shares were bought at an average cost of C$76.93 per share, with a total value of C$5,155,915.03. Also, Director Stuart W. Lang sold 37,290 shares of CCL Industries stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of C$76.70, for a total transaction of C$2,860,143.00. Insiders have sold a total of 121,781 shares of company stock valued at $9,405,624 in the last quarter. Company insiders own 11.22% of the company’s stock.

CCL Industries Company Profile

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.