CCL Industries (TSE:CCL.B) Shares Cross Above Two Hundred Day Moving Average of $60.94

CCL Industries Inc. (TSE:CCL.B) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$60.94 and traded as high as C$70.86. CCL Industries shares last traded at C$70.82, with a volume of 336,236 shares trading hands.

Analysts Set New Price Targets

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

CCL Industries Stock Up 1.0 %

The stock has a market cap of C$11.75 billion, a P/E ratio of 24.01, a P/E/G ratio of 0.26 and a beta of 0.55. The company has a current ratio of 1.89, a quick ratio of 1.31 and a debt-to-equity ratio of 49.37. The firm’s fifty day moving average is C$67.92 and its 200 day moving average is C$60.94.

Insider Transactions at CCL Industries

In other news, Senior Officer Sean Washchuk sold 1,000 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of C$73.60, for a total transaction of C$73,600.00. In related news, Director Derek Cumming sold 700 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of C$69.51, for a total value of C$48,653.50. Also, Senior Officer Sean Washchuk sold 1,000 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of C$73.60, for a total transaction of C$73,600.00. In the last 90 days, insiders have sold 293,799 shares of company stock worth $21,357,228. 10.03% of the stock is currently owned by company insiders.

About CCL Industries

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.