CCL Industries Inc. (TSE:CCL.B - Get Free Report)'s share price crossed 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 traded.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on CCL.B shares. TD Securities lifted 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. BMO Capital Markets boosted their price target on shares of CCL Industries from C$90.00 to C$91.00 in a research note on Friday, May 9th. Finally, CIBC cut 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 report on Tuesday, April 22nd. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, CCL Industries currently has a consensus rating of "Buy" and a consensus target price of C$89.25.
Check Out Our Latest Research Report on CCL.B
CCL Industries Stock Down 0.5%
The stock's fifty day moving average is C$77.35 and its two-hundred day moving average is C$73.48. The company has a current ratio of 1.96, a quick ratio of 1.31 and a debt-to-equity ratio of 48.08. The company has a market capitalization of C$13.43 billion, a PE ratio of 21.38, a P/E/G ratio of 0.26 and a beta of 0.57.
Insider Activity at CCL Industries
In related news, Director Gunther Johann Birkner sold 15,000 shares of the business's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of C$77.00, for a total value of C$1,155,000.00. Also, insider CCL Industries Inc. acquired 13,300 shares of the stock in a transaction that occurred on Friday, May 30th. The stock was purchased at an average price of C$79.97 per share, for a total transaction of C$1,063,555.78. Insiders sold a total of 113,200 shares of company stock valued at $8,795,654 over the last quarter. Corporate insiders own 11.22% of the company's stock.
CCL Industries Company Profile
(
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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.
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