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

Shares of CCL Industries Inc. (TSE:CCL.B) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$76.56 and traded as low as C$71.68. CCL Industries shares last traded at C$71.83, with a volume of 240,394 shares trading hands.

Analysts Set New Price Targets

CCL.B has been the topic of a number of recent analyst reports. Stifel Nicolaus boosted their price objective on CCL Industries from C$85.00 to C$90.00 in a research note on Monday, November 18th. TD Securities reduced their price target on shares of CCL Industries from C$98.00 to C$94.00 in a research report on Friday, November 15th. BMO Capital Markets increased their price objective on shares of CCL Industries from C$90.00 to C$93.00 in a report on Friday, November 15th. Royal Bank of Canada dropped their target price on shares of CCL Industries from C$92.00 to C$90.00 in a research note on Friday, November 15th. Finally, CIBC increased their price target on shares of CCL Industries from C$96.00 to C$97.00 in a research note on Wednesday. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, CCL Industries presently has a consensus rating of “Buy” and a consensus price target of C$90.25.

CCL Industries Stock Up 1.5 %

The stock’s fifty day moving average price is C$75.77 and its 200-day moving average price is C$76.56. The company has a quick ratio of 1.31, a current ratio of 1.96 and a debt-to-equity ratio of 48.08. The company has a market capitalization of C$12.08 billion, a price-to-earnings ratio of 19.23, a P/E/G ratio of 0.26 and a beta of 0.57.

Insider Transactions at CCL Industries

In other CCL Industries news, Senior Officer James Andrew Sellors sold 10,000 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of C$77.50, for a total value of C$775,000.00. Also, insider CCL Industries Inc. bought 67,024 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was purchased at an average price of C$78.37 per share, with a total value of C$5,252,845.14. Insiders acquired a total of 201,072 shares of company stock worth $15,572,229 in the last three months. Insiders own 11.22% of the company’s stock.

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.