CCL Industries (TSE:CCL.B) Share Price Crosses Above Two Hundred Day Moving Average of $60.94

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$60.94 and traded as high as C$70.86. CCL Industries shares last traded at C$70.82, with a volume of 336,236 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. CIBC boosted their price objective on CCL Industries from C$82.00 to C$83.00 in a research note on Thursday, April 11th. Stifel Nicolaus upgraded CCL Industries from a “hold” rating to a “buy” rating and boosted their price target for the stock from C$65.00 to C$79.00 in a research report on Monday, February 26th. National Bankshares increased their price objective on CCL Industries from C$79.00 to C$81.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Royal Bank of Canada lifted their target price on shares of CCL Industries from C$72.00 to C$81.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. Finally, BMO Capital Markets increased their target price on shares of CCL Industries from C$76.00 to C$81.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$78.90.

CCL Industries Stock Down 0.3 %

The company has a debt-to-equity ratio of 49.37, a quick ratio of 1.31 and a current ratio of 1.89. The business has a 50 day simple moving average of C$68.20 and a 200-day simple moving average of C$61.04. The firm has a market capitalization of C$11.71 billion, a price-to-earnings ratio of 23.93, a P/E/G ratio of 0.26 and a beta of 0.55.

Insider Activity at CCL Industries

In other news, Director Derek Cumming sold 700 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of C$69.51, for a total value of C$48,653.50. In other CCL Industries news, Director Tom Peddie sold 1,200 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of C$71.03, for a total value of C$85,236.00. Also, Director Derek Cumming sold 700 shares of the stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of C$69.51, for a total transaction of C$48,653.50. Over the last quarter, insiders sold 293,799 shares of company stock valued at $21,357,228. 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.