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

CCL Industries Inc. (TSE:CCL.B - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 trading hands.

Analyst Upgrades and Downgrades

CCL.B has been the subject of several analyst reports. TD Securities increased their price objective on shares of CCL Industries from C$90.00 to C$95.00 and gave the company a "buy" rating in a research note on Friday, May 9th. CIBC decreased their price objective on shares of CCL Industries from C$96.00 to C$88.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. Finally, BMO Capital Markets increased their price objective on shares of CCL Industries from C$90.00 to C$91.00 in a research note on Friday, May 9th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of C$89.25.

CCL Industries Price Performance

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 firm's 50 day moving average is C$77.52 and its 200 day moving average is C$73.52. The firm has a market cap of C$13.32 billion, a P/E ratio of 21.20, a price-to-earnings-growth ratio of 0.26 and a beta of 0.57.

Insider Activity at CCL Industries

In related 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.

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.