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$73.13 and traded as high as C$80.23. CCL Industries shares last traded at C$79.49, with a volume of 349,246 shares traded.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on CCL.B shares. BMO Capital Markets lifted their price target on CCL Industries from C$90.00 to C$91.00 in a research note on Friday, May 9th. Scotiabank boosted their target price on shares of CCL Industries from C$85.00 to C$86.00 in a research note on Friday, February 21st. CIBC cut 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 research note on Tuesday, April 22nd. Finally, TD Securities boosted their target price 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. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of C$89.25.
Check Out Our Latest Report on CCL Industries
CCL Industries Stock Performance
The stock has a market cap of C$13.06 billion, a PE ratio of 20.78, a PEG ratio of 0.26 and a beta of 0.57. The stock has a fifty day simple moving average of C$73.04 and a two-hundred day simple moving average of C$73.17. The company has a debt-to-equity ratio of 48.08, a quick ratio of 1.31 and a current ratio of 1.96.
Insider Buying and Selling at CCL Industries
In other CCL Industries news, Director Tom Peddie sold 400 shares of the company's stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of C$69.85, for a total value of C$27,940.00. Following the transaction, the director now directly owns 100 shares of the company's stock, valued at C$6,985. This represents a 80.00% decrease in their position. Also, insider Stuart W. Lang sold 25,984 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of C$79.80, for a total value of C$2,073,523.20. In the last three months, insiders have acquired 115,678 shares of company stock valued at $8,398,455 and have sold 81,621 shares valued at $6,298,001. 11.22% of the stock is currently owned by corporate insiders.
About CCL Industries
(
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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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