CCL Industries Inc. (TSE:CCL.B - Get Free Report)'s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$76.56 and traded as low as C$71.68. CCL Industries shares last traded at C$71.83, with a volume of 240,394 shares.
Analyst Upgrades and Downgrades
CCL.B has been the topic of several research analyst reports. CIBC upped their price objective on CCL Industries from C$93.00 to C$96.00 in a research report on Monday, November 18th. TD Securities cut their price target on shares of CCL Industries from C$98.00 to C$94.00 in a report on Friday, November 15th. Royal Bank of Canada reduced their price target on shares of CCL Industries from C$92.00 to C$90.00 in a research note on Friday, November 15th. BMO Capital Markets boosted their price objective on shares of CCL Industries from C$90.00 to C$93.00 in a research report on Friday, November 15th. Finally, Stifel Nicolaus raised their target price on shares of CCL Industries from C$85.00 to C$90.00 in a research report on Monday, November 18th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of C$90.13.
Get Our Latest Stock Analysis on CCL.B
CCL Industries Stock Performance
The firm's 50-day moving average is C$76.17 and its two-hundred day moving average is C$76.56. The stock has a market cap of C$11.90 billion, a price-to-earnings ratio of 18.95, a P/E/G ratio of 0.26 and a beta of 0.57. The company has a current ratio of 1.96, a quick ratio of 1.31 and a debt-to-equity ratio of 48.08.
Insider Transactions at CCL Industries
In related news, Director Derek Cumming sold 3,500 shares of CCL Industries stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of C$78.25, for a total value of C$273,889.70. Also, insider CCL Industries Inc. purchased 67,024 shares of the firm's stock in a transaction on Wednesday, November 27th. The shares were purchased at an average price of C$76.42 per share, for a total transaction of C$5,121,826.63. Insiders have purchased a total of 201,072 shares of company stock worth $15,572,229 in the last ninety days. Insiders own 11.22% of the company's stock.
About CCL Industries
(
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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.
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