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

CCL Industries Inc. (TSE:CCL.B - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$73.16 and traded as high as C$78.20. CCL Industries shares last traded at C$77.72, with a volume of 260,844 shares.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CCL.B shares. TD Securities boosted their price target on 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. BMO Capital Markets upped their price target on shares of CCL Industries from C$90.00 to C$91.00 in a research note on Friday, May 9th. Scotiabank raised their price target on shares of CCL Industries from C$85.00 to C$86.00 in a research report on Friday, February 21st. Finally, 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 report on Tuesday, April 22nd. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, CCL Industries presently has an average rating of "Buy" and an average price target of C$89.25.

CCL Industries Stock Performance

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$12.97 billion, a P/E ratio of 20.65, a P/E/G ratio of 0.26 and a beta of 0.57. The company's 50 day moving average is C$74.19 and its 200 day moving average is C$73.23.

Insider Buying and Selling

In other news, Director Tom Peddie sold 400 shares of CCL Industries stock in a transaction dated 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 completion of the transaction, the director now directly owns 100 shares of the company's stock, valued at approximately C$6,985. This trade represents a 80.00% decrease in their position. Also, insider CCL Industries Inc. bought 67,024 shares of the stock in a transaction on Monday, March 17th. The stock was acquired at an average price of C$71.66 per share, with a total value of C$4,803,114.10. In the last three months, insiders purchased 115,678 shares of company stock valued at $8,398,455 and sold 79,480 shares valued at $6,139,610. 11.22% of the stock is owned by corporate 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.