CCL Industries (TSE:CCL.B) Stock Crosses Below Two Hundred Day Moving Average - What's Next?

CCL Industries Inc. (TSE:CCL.B - Get Free Report) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$76.29 and traded as low as C$72.63. CCL Industries shares last traded at C$74.40, with a volume of 530,114 shares trading hands.

Wall Street Analysts Forecast Growth

CCL.B has been the subject of several research reports. BMO Capital Markets lifted their target price on CCL Industries from C$90.00 to C$93.00 in a research report on Friday, November 15th. Stifel Nicolaus increased their target price on shares of CCL Industries from C$85.00 to C$90.00 in a report on Monday, November 18th. Royal Bank of Canada dropped their price target on shares of CCL Industries from C$92.00 to C$90.00 in a research note on Friday, November 15th. CIBC increased their price objective on CCL Industries from C$93.00 to C$96.00 in a research note on Monday, November 18th. Finally, TD Securities lowered their target price on CCL Industries from C$98.00 to C$94.00 in a research note on Friday, November 15th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, CCL Industries has an average rating of "Buy" and a consensus price target of C$90.13.

CCL Industries Stock Down 1.1 %

The firm's 50-day simple moving average is C$79.17 and its two-hundred day simple moving average is C$76.29. The company has a debt-to-equity ratio of 48.08, a current ratio of 1.96 and a quick ratio of 1.31. The company has a market capitalization of C$12.29 billion, a price-to-earnings ratio of 19.56, a price-to-earnings-growth ratio of 0.26 and a beta of 0.57.

Insider Buying and Selling at CCL Industries

In related news, Director Derek Cumming sold 10,000 shares of the company's stock in a transaction on Monday, September 23rd. The stock was sold at an average price of C$81.41, for a total value of C$814,100.00. Also, insider CCL Industries Inc. bought 67,024 shares of the firm's stock in a transaction that occurred on Friday, November 29th. The stock was bought at an average cost of C$77.55 per share, for a total transaction of C$5,197,557.04. In the last three months, insiders sold 23,700 shares of company stock worth $1,879,396. 11.22% of the stock is owned by corporate insiders.

CCL Industries Company Profile

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.