CCL Industries (TSE:CCL.B) Shares Cross Above Two Hundred Day Moving Average of $60.94

CCL Industries Inc. (TSE:CCL.B) passed above its 200-day moving average during trading on Thursday . The stock has a 200-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 traded.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Stifel Nicolaus upgraded CCL Industries from a “hold” rating to a “buy” rating and raised their price target for the stock from C$65.00 to C$79.00 in a research report on Monday, February 26th. Raymond James upgraded CCL Industries from a “market perform” rating to an “outperform” rating and lifted their target price for the company from C$74.00 to C$78.00 in a research report on Thursday, March 7th. Royal Bank of Canada lifted their target price on CCL Industries from C$72.00 to C$81.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. BMO Capital Markets lifted their target price on 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. Finally, Scotiabank lifted their target price on CCL Industries from C$72.00 to C$79.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, CCL Industries has a consensus rating of “Buy” and a consensus price target of C$78.90.

CCL Industries Stock Performance

The company has a fifty day moving average price of C$67.92 and a two-hundred day moving average price of C$60.94. The company has a debt-to-equity ratio of 49.37, a current ratio of 1.89 and a quick ratio of 1.31. The company has a market capitalization of C$11.75 billion, a P/E ratio of 24.01, a PEG ratio of 0.26 and a beta of 0.55.

Insider Buying and Selling

In other CCL Industries news, Senior Officer Sean Washchuk sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of C$73.60, for a total value of C$73,600.00. In other news, Senior Officer Sean Washchuk sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of C$73.60, for a total transaction of C$73,600.00. Also, Senior Officer Kamal Chandrakant Kotecha sold 5,206 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of C$70.28, for a total value of C$365,867.79. Insiders have sold a total of 293,799 shares of company stock valued at $21,357,228 over the last ninety days. 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.