CCL Industries (TSE:CCL.B) Share Price Passes Above 200 Day Moving Average - Time to Sell?

Key Points

• CCL.B crossed above its 200‑day moving average: the 200‑day MA is C$85.09, the stock traded as high as C$87.86 and last at C$86.10 on volume of 310,176 shares.
• Analysts have mostly raised price targets (TD, National Bank, Raymond James), leaving an average target of C$99.50 and a consensus rating of Moderate Buy (two Buys, one Hold).
• Key fundamentals: market cap C$14.90 billion, P/E 18.84, PEG 0.26, beta 0.86, with reasonable liquidity (quick ratio 1.31, current ratio 1.96) and a debt‑to‑equity around 48%.

CCL Industries Inc. (TSE:CCL.B - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$85.09 and traded as high as C$87.86. CCL Industries shares last traded at C$86.10, with a volume of 310,176 shares traded.

Analysts Set New Price Targets

CCL.B has been the subject of a number of research analyst reports. National Bank Financial boosted their price objective on CCL Industries from C$100.00 to C$102.00 and gave the stock an "outperform" rating in a report on Tuesday, March 17th. Raymond James Financial boosted their price objective on CCL Industries from C$95.00 to C$100.00 in a report on Friday, February 27th. TD Securities boosted their price objective on CCL Industries from C$100.00 to C$105.00 in a report on Wednesday, January 21st. Finally, Scotiabank cut CCL Industries from an "outperform" rating to a "sector perform" rating and boosted their price objective for the stock from C$94.00 to C$96.00 in a report on Thursday, January 29th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, CCL Industries presently has an average rating of "Moderate Buy" and an average target price of C$99.50.

CCL Industries Trading Down 1.3%

The company has a market cap of C$14.90 billion, a P/E ratio of 18.84, a PEG ratio of 0.26 and a beta of 0.86. The business has a fifty day moving average price of C$87.65 and a 200-day moving average price of C$85.09. The company has a quick ratio of 1.31, a current ratio of 1.96 and a debt-to-equity ratio of 48.08.

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. 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.

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