CCL Industries (TSE:CCL.B) Stock Crosses Below 200 Day Moving Average – Here’s What Happened

Shares of CCL Industries Inc. (TSE:CCL.B) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$86.43 and traded as low as C$82.50. CCL Industries shares last traded at C$83.60, with a volume of 1,050,697 shares traded.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Royal Bank Of Canada upped their target price on CCL Industries from C$99.00 to C$100.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. National Bank Financial upped their target price on CCL Industries from C$102.00 to C$104.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Stifel Nicolaus boosted their price target 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. Raymond James Financial boosted their price target on CCL Industries from C$95.00 to C$100.00 in a research report on Friday, February 27th. Finally, ATB Cormark Capital Markets boosted their price target on CCL Industries from C$101.00 to C$102.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$101.80.

CCL Industries Stock Performance

The company has a debt-to-equity ratio of 48.08, a quick ratio of 1.31 and a current ratio of 1.96. The business has a 50-day moving average price of C$86.79 and a 200 day moving average price of C$86.43. The stock has a market capitalization of C$14.37 billion, a P/E ratio of 18.29, a PEG ratio of 0.26 and a beta of 0.90.

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.