CCL Industries (TSE:CCL.B) Shares Pass Above Two Hundred Day Moving Average of $61.54

CCL Industries Inc. (TSE:CCL.B) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$61.54 and traded as high as C$71.21. CCL Industries shares last traded at C$71.00, with a volume of 149,324 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CCL.B. Raymond James raised CCL Industries from a “market perform” rating to an “outperform” rating and boosted their target price for the company from C$74.00 to C$78.00 in a research report on Thursday, March 7th. BMO Capital Markets boosted their target price on CCL Industries from C$76.00 to C$81.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Stifel Nicolaus raised CCL Industries from a “hold” rating to a “buy” rating and upped their price objective for the company from C$65.00 to C$79.00 in a research report on Monday, February 26th. Scotiabank upped their price objective on CCL Industries from C$72.00 to C$79.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Finally, Royal Bank of Canada upped their price objective on CCL Industries from C$72.00 to C$81.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, CCL Industries presently has an average rating of “Buy” and an average price target of C$78.90.

CCL Industries Stock Up 0.4 %

The firm has a market capitalization of C$11.78 billion, a PE ratio of 24.07, a PEG ratio of 0.26 and a beta of 0.55. The company has a fifty day simple moving average of C$69.52 and a two-hundred day simple moving average of C$61.54. The company has a debt-to-equity ratio of 49.37, a quick ratio of 1.31 and a current ratio of 1.89.

Insiders Place Their Bets

In other CCL Industries news, Director Derek Cumming sold 700 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of C$69.51, for a total value of C$48,653.50. In related news, Director Derek Cumming sold 700 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of C$69.51, for a total transaction of C$48,653.50. Also, Senior Officer Sean Washchuk sold 1,000 shares of the company’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of C$73.60, for a total value of C$73,600.00. In the last ninety days, insiders sold 293,799 shares of company stock worth $21,357,228. 10.03% of the stock is currently owned by company insiders.

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.