CCL Industries (TSE:CCL.B) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

CCL Industries Inc. (TSE:CCL.B)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$74.62 and traded as high as C$83.07. CCL Industries shares last traded at C$80.15, with a volume of 352,066 shares.

Analysts Set New Price Targets

Several equities research analysts recently commented on CCL.B shares. TD Securities boosted their price objective on shares of CCL Industries from C$90.00 to C$95.00 and gave the stock a “buy” rating in a research note on Friday, May 9th. BMO Capital Markets boosted their price objective on shares of CCL Industries from C$90.00 to C$91.00 in a research note on Friday, May 9th. Finally, CIBC dropped their price objective on shares of CCL Industries from C$96.00 to C$88.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 22nd.

CCL Industries Price Performance

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 firm has a market capitalization of C$13.39 billion, a PE ratio of 21.32, a PEG ratio of 0.26 and a beta of 0.57. The firm’s fifty day simple moving average is C$78.79 and its 200-day simple moving average is C$74.62.

Insiders Place Their Bets

In other news, insider CCL Industries Inc. bought 13,300 shares of the firm’s stock in a transaction on Friday, May 30th. The stock was acquired at an average cost of C$79.97 per share, with a total value of C$1,063,555.78. Also, Director Ben Yaacob Lilienthal sold 24,200 shares of CCL Industries stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of C$78.50, for a total transaction of C$1,899,700.00. Corporate 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.