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

Shares of CCL Industries Inc. (TSE:CCL.B) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$77.31 and traded as high as C$78.48. CCL Industries shares last traded at C$78.17, with a volume of 388,040 shares traded.

Wall Street Analysts Forecast Growth

CCL.B has been the subject of a number of recent analyst reports. BMO Capital Markets upped their price objective on shares of CCL Industries from C$91.00 to C$95.00 in a research report on Friday, August 15th. National Bankshares upped their price objective on shares of CCL Industries from C$94.00 to C$96.00 and gave the stock an “outperform” rating in a research report on Friday, August 15th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$91.43.

CCL Industries Stock Up 1.9%

The stock’s 50-day moving average price is C$79.58 and its two-hundred day moving average price is C$77.31. The stock has a market capitalization of C$13.63 billion, a P/E ratio of 17.53, a P/E/G ratio of 0.26 and a beta of 0.54. The company has a current ratio of 1.96, a quick ratio of 1.31 and a debt-to-equity ratio of 48.08.

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.