CCL Industries (TSE:CCL.B) Stock Passes Above 200 Day Moving Average of $63.15

Shares of CCL Industries Inc. (TSE:CCL.B – Get Rating) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$63.15 and traded as high as C$68.07. CCL Industries shares last traded at C$67.47, with a volume of 356,193 shares traded.

Analysts Set New Price Targets

Several analysts recently weighed in on CCL.B shares. Raymond James cut CCL Industries from an “outperform” rating to a “market perform” rating and set a C$71.00 price objective on the stock. in a research note on Tuesday, April 11th. TD Securities boosted their target price on shares of CCL Industries from C$73.00 to C$77.00 and gave the company a “buy” rating in a research note on Tuesday, May 16th. CIBC raised their price target on shares of CCL Industries from C$72.00 to C$74.00 and gave the stock an “outperform” rating in a research report on Friday, February 24th. Pi Financial lowered their price objective on shares of CCL Industries from C$80.00 to C$79.00 in a research report on Monday, February 27th. Finally, BMO Capital Markets raised their target price on shares of CCL Industries from C$75.00 to C$78.00 in a report on Friday, February 24th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$75.13.

CCL Industries Trading Down 0.2 %

The company has a fifty day moving average price of C$66.06 and a 200-day moving average price of C$63.15. The firm has a market capitalization of C$11.18 billion, a price-to-earnings ratio of 18.85, a price-to-earnings-growth ratio of 0.26 and a beta of 0.60. The company has a current ratio of 2.04, a quick ratio of 1.31 and a debt-to-equity ratio of 53.52.

CCL Industries Company Profile

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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.