CCL Industries (TSE:CCL.B) Stock Price Passes Above 200-Day Moving Average of $63.15

CCL Industries Inc. (TSE:CCL.B – Get Rating)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$63.15 and traded as high as C$68.07. CCL Industries shares last traded at C$67.47, with a volume of 356,193 shares.

Wall Street Analysts Forecast Growth

CCL.B has been the topic of several analyst reports. Pi Financial cut their price target on shares of CCL Industries from C$80.00 to C$79.00 in a research report on Monday, February 27th. CIBC boosted their price objective on shares of CCL Industries from C$72.00 to C$74.00 and gave the stock an “outperform” rating in a research note on Friday, February 24th. Raymond James lowered shares of CCL Industries from an “outperform” rating to a “market perform” rating and set a C$71.00 price objective on the stock. in a research note on Tuesday, April 11th. TD Securities boosted their price objective on shares of CCL Industries from C$73.00 to C$77.00 and gave the stock a “buy” rating in a research note on Tuesday, May 16th. Finally, BMO Capital Markets boosted their price objective on shares of CCL Industries from C$75.00 to C$78.00 in a research note on Friday, February 24th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, CCL Industries currently has a consensus rating of “Moderate Buy” and an average price target of C$75.13.

CCL Industries Stock Performance

The firm has a market cap of C$10.87 billion, a price-to-earnings ratio of 18.33, a price-to-earnings-growth ratio of 0.26 and a beta of 0.60. The company has a current ratio of 2.04, a quick ratio of 1.31 and a debt-to-equity ratio of 53.52. The stock’s 50 day moving average is C$66.18 and its 200 day moving average is C$63.20.

About CCL Industries

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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.