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

CCL Industries Inc. (TSE:CCL.B) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$84.61 and traded as high as C$87.60. CCL Industries shares last traded at C$87.45, with a volume of 307,126 shares.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. National Bank Financial lifted their price target on shares of CCL Industries from C$100.00 to C$102.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 17th. TD Securities raised their target price on CCL Industries from C$100.00 to C$105.00 in a research note on Wednesday, January 21st. Scotiabank lowered CCL Industries from an “outperform” rating to a “sector perform” rating and lifted their target price for the stock from C$94.00 to C$96.00 in a research report on Thursday, January 29th. Finally, Raymond James Financial boosted their price target on CCL Industries from C$95.00 to C$100.00 in a research note on Friday, February 27th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$99.50.

CCL Industries Stock Up 1.5%

The company has a debt-to-equity ratio of 48.08, a current ratio of 1.96 and a quick ratio of 1.31. The stock has a market capitalization of C$15.14 billion, a price-to-earnings ratio of 19.14, a PEG ratio of 0.26 and a beta of 0.86. The firm’s fifty day moving average is C$87.59 and its 200-day moving average is C$84.65.

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.