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

Key Points

• CCL Industries Inc. shares have crossed above their 200-day moving average, indicating a potential upward trend, with the stock last trading at C$78.07.
• Several analysts have adjusted their price targets for CCL Industries, with CIBC lowering their target to C$88.00, while TD Securities raised theirs to C$95.00, reflecting a mix of outlooks.
• Insider activity shows mixed sentiment, with an insider purchasing 13,300 shares at C$79.97 while another sold 38,016 shares at C$75.69, highlighting differing perspectives on the company's stock value.

CCL Industries Inc. (TSE:CCL.B - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$74.40 and traded as high as C$78.64. CCL Industries shares last traded at C$78.07, with a volume of 174,303 shares trading hands.

Analysts Set New Price Targets

Several analysts have issued reports on CCL.B shares. CIBC decreased their price target on shares of CCL Industries from C$96.00 to C$88.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. TD Securities upped their target price on CCL Industries from C$90.00 to C$95.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Finally, BMO Capital Markets upped their target price on CCL Industries from C$90.00 to C$91.00 in a research report on Friday, May 9th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of C$89.25.

CCL Industries Trading Up 0.3%

The business has a 50 day moving average of C$78.71 and a 200 day moving average of C$74.48. The firm has a market cap of C$13.15 billion, a price-to-earnings ratio of 20.94, a price-to-earnings-growth ratio of 0.26 and a beta of 0.57. The company has a quick ratio of 1.31, a current ratio of 1.96 and a debt-to-equity ratio of 48.08.

Insiders Place Their Bets

In related news, insider Stuart W. Lang sold 38,016 shares of the firm's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of C$75.69, for a total value of C$2,877,431.04. Also, Director Gunther Johann Birkner sold 10,000 shares of the firm's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of C$79.00, for a total value of C$790,000.00. In the last ninety days, insiders sold 72,216 shares of company stock worth $5,567,131. 11.22% of the stock is owned by company insiders.

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.