CCL Industries (TSE:CCL.B) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

CCL Industries Inc. (TSE:CCL.B) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$87.25 and traded as high as C$90.90. CCL Industries shares last traded at C$90.30, with a volume of 212,721 shares traded.

Analyst Ratings Changes

CCL.B has been the subject of several recent research reports. ATB Cormark Capital Markets increased their target price on shares of CCL Industries from C$101.00 to C$102.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. National Bank Financial lifted their price target on shares of CCL Industries from C$102.00 to C$104.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. Royal Bank Of Canada upped their price target on CCL Industries from C$99.00 to C$100.00 and gave the company an “outperform” rating in a report on Friday, May 15th. TD increased their price objective on CCL Industries from C$105.00 to C$110.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Finally, Stifel Nicolaus raised their price objective on CCL Industries from C$103.00 to C$105.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, CCL Industries has an average rating of “Moderate Buy” and an average price target of C$101.80.

CCL Industries Stock Down 1.0%

The business’s 50 day simple moving average is C$88.09 and its 200 day simple moving average is C$87.25. The company has a market capitalization of C$15.52 billion, a PE ratio of 19.76, a price-to-earnings-growth ratio of 0.26 and a beta of 0.93. The company has a quick ratio of 1.31, a current ratio of 1.96 and a debt-to-equity ratio of 48.08.

About CCL Industries

CCL Industries Inc manufactures and sells packaging and packaging-related products. The company operates through various segments, which include The CCL segment, which generates the majority of revenue, sells pressure sensitive and extruded film materials used for labels on consumer packaging, healthcare, automotive, and consumer durable products. The Avery segment sells software, labels, tags, dividers, badges, and specialty card products under the Avery brand. The Checkpoint segment includes the manufacturing and selling of technology-driven, inventory management and labeling solutions.