CCL Industries (TSE:CCL.B) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

CCL Industries Inc. (TSE:CCL.B) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$88.41 and traded as high as C$95.84. CCL Industries shares last traded at C$95.09, with a volume of 290,071 shares trading hands.

Analyst Ratings Changes

CCL.B has been the topic of several analyst reports. BMO Capital Markets lifted their price objective on CCL Industries from C$103.00 to C$110.00 in a report on Friday, August 14th. Canadian Imperial Bank of Commerce increased their target price on CCL Industries from C$104.00 to C$113.00 in a report on Friday, August 14th. TD raised their price target on CCL Industries from C$110.00 to C$115.00 and gave the stock a “buy” rating in a research report on Friday, August 14th. ATB Cormark Capital Markets lifted their price target on CCL Industries from C$102.00 to C$104.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. Finally, Stifel Nicolaus lifted their price target on CCL Industries from C$103.00 to C$105.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, CCL Industries presently has an average rating of “Moderate Buy” and a consensus target price of C$106.60.

CCL Industries Stock Down 0.7%

The firm has a market cap of C$16.08 billion, a PE ratio of 20.36, a PEG ratio of 0.26 and a beta of 0.95. The company has a debt-to-equity ratio of 48.08, a quick ratio of 1.31 and a current ratio of 1.96. The company’s 50-day simple moving average is C$91.65 and its two-hundred day simple moving average is C$88.41.

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.