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

CCL Industries Inc. (TSE:CCL.B - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$73.45 and traded as high as C$81.36. CCL Industries shares last traded at C$80.77, with a volume of 144,356 shares.

Analyst Ratings Changes

Several research analysts have issued reports on CCL.B shares. TD Securities lifted their target price on shares of CCL Industries from C$90.00 to C$95.00 and gave the stock a "buy" rating in a report on Friday, May 9th. BMO Capital Markets lifted their target price on shares of CCL Industries from C$90.00 to C$91.00 in a report on Friday, May 9th. Finally, CIBC decreased their target price on shares of CCL Industries from C$96.00 to C$88.00 and set an "outperform" rating for the company in a report on Tuesday, April 22nd. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, CCL Industries currently has an average rating of "Buy" and an average price target of C$89.25.

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's fifty day moving average price is C$77.35 and its two-hundred day moving average price is C$73.48. The stock has a market capitalization of C$13.43 billion, a PE ratio of 21.38, a PEG ratio of 0.26 and a beta of 0.57.

Insider Activity at CCL Industries

In other news, Director Ben Yaacob Lilienthal sold 24,200 shares of the business's stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of C$78.50, for a total transaction of C$1,899,700.00. Also, Director Gunther Johann Birkner sold 15,000 shares of the business's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of C$77.00, for a total transaction of C$1,155,000.00. Insiders sold 113,200 shares of company stock valued at $8,795,654 over the last ninety days. Company insiders own 11.22% of the company's stock.

About CCL Industries

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.