CCL Industries (TSE:CCL.B) Stock Passes Above 200-Day Moving Average of $66.47

CCL Industries Inc. (TSE:CCL.B) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$66.47 and traded as high as C$72.34. CCL Industries shares last traded at C$70.67, with a volume of 262,392 shares trading hands.

Analyst Ratings Changes

CCL.B has been the subject of a number of research reports. Raymond James lifted their price objective on shares of CCL Industries from C$80.00 to C$84.00 and gave the company an “outperform” rating in a report on Tuesday, June 11th. Scotiabank lifted their price target on shares of CCL Industries from C$79.00 to C$80.00 in a research note on Friday, May 10th. Stifel Nicolaus lifted their price target on shares of CCL Industries from C$79.00 to C$83.00 in a research note on Friday, May 10th. National Bankshares lifted their price target on shares of CCL Industries from C$83.00 to C$84.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 11th. Finally, CIBC lifted their price target on shares of CCL Industries from C$82.00 to C$83.00 in a research note on Thursday, April 11th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$82.00.

CCL Industries Stock Performance

The stock’s 50-day moving average is C$71.34 and its 200-day moving average is C$66.50. The stock has a market cap of C$11.95 billion, a price-to-earnings ratio of 23.16, a P/E/G ratio of 0.26 and a beta of 0.53. The company has a current ratio of 1.95, a quick ratio of 1.31 and a debt-to-equity ratio of 48.74.

Insider Buying and Selling at CCL Industries

In other CCL Industries news, Director Scott Mitchell-Harris sold 2,375 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of C$71.34, for a total value of C$169,432.50. In other news, Senior Officer James Andrew Sellors sold 30,000 shares of the stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of C$71.35, for a total transaction of C$2,140,461.00. Also, Director Scott Mitchell-Harris sold 2,375 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of C$71.34, for a total value of C$169,432.50. Insiders sold 52,375 shares of company stock valued at $3,743,694 over the last 90 days. 11.13% of the stock is owned by corporate insiders.

CCL Industries Company Profile

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.