Shares of CCL Industries Inc. (TSE:CCL.B - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$73.69 and traded as high as C$79.74. CCL Industries shares last traded at C$79.35, with a volume of 216,720 shares traded.
Analysts Set New Price Targets
A number of equities analysts have weighed in on the stock. CIBC cut 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 note on Tuesday, April 22nd. BMO Capital Markets upped their price objective on CCL Industries from C$90.00 to C$91.00 in a report on Friday, May 9th. Finally, TD Securities lifted their target price on CCL Industries from C$90.00 to C$95.00 and gave the company a "buy" rating in a report on Friday, May 9th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of C$89.25.
Check Out Our Latest Research Report on CCL.B
CCL Industries Price Performance
The company's fifty day moving average is C$78.20 and its two-hundred day moving average is C$73.69. 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 firm has a market cap of C$13.26 billion, a price-to-earnings ratio of 21.10, a price-to-earnings-growth ratio of 0.26 and a beta of 0.57.
Insider Buying and Selling
In other news, Director Gunther Johann Birkner sold 15,000 shares of the 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 Stuart W. Lang sold 38,016 shares of the firm's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of C$75.69, for a total value of C$2,877,431.04. In the last ninety days, insiders have sold 113,200 shares of company stock worth $8,795,654. Company insiders own 11.22% of the company's stock.
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.
Further Reading
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