Shares of CCL Industries Inc. (TSE:CCL.B - Get Free Report) passed above its 200-day moving average during trading on Wednesday after an insider bought additional shares in the company. The stock has a 200-day moving average of C$73.23 and traded as high as C$78.51. CCL Industries shares last traded at C$77.90, with a volume of 240,265 shares changing hands.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on the stock. CIBC cut 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 report on Tuesday, April 22nd. BMO Capital Markets lifted their price target on shares of CCL Industries from C$90.00 to C$91.00 in a research report on Friday, May 9th. Finally, TD Securities lifted their price target on shares of CCL Industries from C$90.00 to C$95.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of C$89.25.
View Our Latest Report on CCL.B
CCL Industries Stock Up 0.3%
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 has a market cap of C$13.25 billion, a price-to-earnings ratio of 21.09, a price-to-earnings-growth ratio of 0.26 and a beta of 0.57. The stock's fifty day moving average is C$76.24 and its two-hundred day moving average is C$73.30.
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.
Further Reading
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