CCL Industries (TSE:CCL.B) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Shares of CCL Industries Inc. (TSE:CCL.B) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$83.72 and traded as high as C$88.80. CCL Industries shares last traded at C$86.79, with a volume of 355,211 shares traded.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Raymond James Financial boosted their target price on CCL Industries from C$95.00 to C$100.00 in a research report on Friday, February 27th. National Bank Financial increased their price target on CCL Industries from C$100.00 to C$102.00 and gave the stock an “outperform” rating in a report on Tuesday, March 17th. Scotiabank cut CCL Industries from an “outperform” rating to a “sector perform” rating and raised their price objective for the company from C$94.00 to C$96.00 in a research note on Thursday, January 29th. Finally, TD Securities boosted their price objective on CCL Industries from C$100.00 to C$105.00 in a report on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, CCL Industries has a consensus rating of “Moderate Buy” and an average target price of C$99.50.

CCL Industries Stock Performance

The stock has a market cap of C$15.03 billion, a price-to-earnings ratio of 18.99, a P/E/G ratio of 0.26 and a beta of 0.80. The company’s fifty day simple moving average is C$86.83 and its two-hundred day simple moving average is C$83.72. The company has a debt-to-equity ratio of 48.08, a current ratio of 1.96 and a quick ratio of 1.31.

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. The Avery segment sells software, labels, tags, dividers, badges, and specialty card products under the Avery brand. The Checkpoint segment includes the manufacturing and selling of technology-driven, inventory management and labeling solutions.