CCL Industries (TSE:CCL.B) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

CCL Industries Inc. (TSE:CCL.B)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$87.25 and traded as high as C$90.90. CCL Industries shares last traded at C$90.30, with a volume of 212,721 shares changing hands.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. TD increased their target price on CCL Industries from C$105.00 to C$110.00 and gave the company a “buy” rating in a report on Friday, May 15th. National Bank Financial upped their price target on CCL Industries from C$102.00 to C$104.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. ATB Cormark Capital Markets upped their price target on CCL Industries from C$101.00 to C$102.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Royal Bank Of Canada increased their price objective on CCL Industries from C$99.00 to C$100.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Finally, Stifel Nicolaus raised their price objective on CCL Industries from C$103.00 to C$105.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, CCL Industries currently has an average rating of “Moderate Buy” and a consensus price target of C$101.80.

CCL Industries Stock Performance

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 capitalization of C$15.52 billion, a PE ratio of 19.76, a PEG ratio of 0.26 and a beta of 0.93. The firm’s fifty day moving average price is C$88.09 and its 200 day moving average price is C$87.25.

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. 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.