CCL Industries (TSE:CCL.B) Share Price Crosses Above Two Hundred Day Moving Average After Insider Selling

CCL Industries Inc. (TSE:CCL.B) shares passed above its two hundred day moving average during trading on Wednesday following insider buying activity. The stock has a two hundred day moving average of C$73.23 and traded as high as C$78.51. CCL Industries shares last traded at C$77.90, with a volume of 240,265 shares traded.

Analyst Upgrades and Downgrades

CCL.B has been the topic of a number of research reports. CIBC lowered their price objective on CCL Industries from C$96.00 to C$88.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 22nd. TD Securities lifted their target price on shares of CCL Industries from C$90.00 to C$95.00 and gave the stock a “buy” rating in a research note on Friday, May 9th. Finally, BMO Capital Markets upped their price target on shares of CCL Industries from C$90.00 to C$91.00 in a research note on Friday, May 9th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$89.25.

CCL Industries Price Performance

The business has a fifty day moving average of C$76.02 and a 200-day moving average of C$73.27. The company has a current ratio of 1.96, a quick ratio of 1.31 and a debt-to-equity ratio of 48.08. The firm has a market cap of C$13.20 billion, a PE ratio of 21.02, a PEG ratio of 0.26 and a beta of 0.57.

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.