CCL Industries (TSE:CCL.B) Share Price Passes Above 200-Day Moving Average - Here's What Happened

Shares of CCL Industries Inc. (TSE:CCL.B - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$74.19 and traded as high as C$78.52. CCL Industries shares last traded at C$78.25, with a volume of 156,323 shares.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on CCL.B shares. TD Securities raised their price target 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. BMO Capital Markets boosted their price objective on CCL Industries from C$90.00 to C$91.00 in a research note on Friday, May 9th. Finally, CIBC decreased their target price on 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. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of C$89.25.

CCL Industries Trading Down 1.7%

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 50 day moving average of C$78.91 and a two-hundred day moving average of C$74.27. The stock has a market capitalization of C$12.72 billion, a PE ratio of 20.26, a P/E/G ratio of 0.26 and a beta of 0.57.

Insider Transactions at CCL Industries

In other CCL Industries news, Director Ben Yaacob Lilienthal sold 24,200 shares of the business's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of C$78.50, for a total transaction of C$1,899,700.00. Also, insider CCL Industries Inc. purchased 13,300 shares of the company's stock in a transaction on Friday, May 30th. The shares were purchased at an average price of C$79.97 per share, for a total transaction of C$1,063,555.78. Insiders have sold a total of 113,200 shares of company stock worth $8,795,654 in the last 90 days. 11.22% of the stock is owned by company insiders.

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.