CCL Industries (TSE:CCL.B) Shares Cross Above 200 Day Moving Average - What's Next?

CCL Industries Inc. (TSE:CCL.B - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$74.17 and traded as high as C$82.73. CCL Industries shares last traded at C$82.70, with a volume of 426,927 shares.

Analyst Ratings Changes

A number of analysts recently commented on CCL.B shares. BMO Capital Markets increased their price target on CCL Industries from C$84.00 to C$90.00 in a research report on Thursday, September 12th. National Bankshares lifted their price objective on CCL Industries from C$84.00 to C$87.00 and gave the company an "outperform" rating in a research note on Monday, August 12th. Raymond James boosted their price target on shares of CCL Industries from C$84.00 to C$87.00 and gave the stock an "outperform" rating in a research note on Monday, August 12th. Scotiabank raised their price objective on CCL Industries from C$80.00 to C$84.00 and gave the company an "outperform" rating in a report on Monday, August 12th. Finally, CIBC upped their price target on shares of CCL Industries from C$86.00 to C$88.00 and gave the company an "outperform" rating in a research report on Wednesday, August 14th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of C$86.11.

CCL Industries Stock Up 0.0 %

The company's fifty day simple moving average is C$79.68 and its 200-day simple moving average is C$74.26. 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 firm has a market capitalization of C$13.82 billion, a PE ratio of 22.00, 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, Senior Officer Mark Mcclendon sold 400 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of C$73.47, for a total value of C$29,388.00. In other news, Director Tom Peddie sold 4,000 shares of CCL Industries stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of C$73.75, for a total transaction of C$295,000.00. Following the completion of the sale, the director now directly owns 500 shares of the company's stock, valued at approximately C$36,875. The trade was a 0.00 % decrease in their position. Also, Senior Officer Mark Mcclendon sold 400 shares of the stock in a transaction on Monday, August 12th. The shares were sold at an average price of C$73.47, for a total transaction of C$29,388.00. Insiders have sold a total of 121,781 shares of company stock valued at $9,405,624 over the last ninety days. Corporate insiders own 11.22% of the company's stock.

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.