CCL Industries (TSE:CCL.B) Stock Passes Above 200 Day Moving Average of $60.15

CCL Industries Inc. (TSE:CCL.BGet Rating)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$60.15 and traded as high as C$69.15. CCL Industries shares last traded at C$69.04, with a volume of 270,328 shares.

Analysts Set New Price Targets

CCL.B has been the subject of several research reports. CIBC boosted their price objective on CCL Industries from C$71.00 to C$74.00 in a research note on Monday, August 15th. Scotiabank dropped their price target on CCL Industries from C$79.00 to C$78.00 in a research report on Friday, May 13th. TD Securities upped their price target on CCL Industries from C$70.00 to C$73.00 and gave the company a “buy” rating in a research report on Friday, August 12th. National Bankshares upped their price target on CCL Industries from C$79.00 to C$81.00 and gave the company an “outperform” rating in a research report on Friday, August 12th. Finally, BMO Capital Markets upped their price target on CCL Industries from C$79.00 to C$80.00 in a research report on Friday, August 12th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, CCL Industries presently has an average rating of “Buy” and a consensus target price of C$77.44.

CCL Industries Stock Up 2.6 %

The stock has a market capitalization of C$12.22 billion and a price-to-earnings ratio of 20.43. The business has a fifty day moving average of C$63.69 and a 200 day moving average of C$60.15. The company has a debt-to-equity ratio of 62.75, a current ratio of 1.86 and a quick ratio of 1.26.

Insider Activity at CCL Industries

In related news, Senior Officer Lalitha Vaidyanathan sold 6,854 shares of the company’s stock in a transaction that occurred on Thursday, September 1st. The stock was sold at an average price of C$63.52, for a total value of C$435,338.66. Following the transaction, the insider now directly owns 119,319 shares in the company, valued at C$7,578,665.60. In other CCL Industries news, Senior Officer Lalitha Vaidyanathan sold 6,854 shares of the company’s stock in a transaction on Thursday, September 1st. The stock was sold at an average price of C$63.52, for a total transaction of C$435,338.66. Following the transaction, the insider now directly owns 119,319 shares in the company, valued at C$7,578,665.60. Also, Director Sebastian Rubino sold 9,378 shares of the company’s stock in a transaction on Thursday, September 1st. The stock was sold at an average price of C$63.52, for a total value of C$595,653.05. Following the transaction, the director now owns 80,848 shares in the company, valued at C$5,135,141.57. Over the last three months, insiders have acquired 231,590 shares of company stock worth $13,618,292.

About CCL Industries

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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.

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