CCL Industries Inc. (TSE:CCL.B - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$73.56 and traded as high as C$77.30. CCL Industries shares last traded at C$77.26, with a volume of 568,917 shares trading hands.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on CCL.B shares. TD Securities upped their target price on CCL Industries from C$90.00 to C$95.00 and gave the company a "buy" rating in a research report on Friday. Scotiabank increased their price objective on CCL Industries from C$85.00 to C$86.00 in a report on Friday, February 21st. BMO Capital Markets increased their price objective on CCL Industries from C$90.00 to C$91.00 in a report on Friday. Finally, CIBC cut their price objective on CCL Industries from C$96.00 to C$88.00 and set an "outperform" rating on the stock 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 currently has a consensus rating of "Buy" and an average target price of C$89.25.
Get Our Latest Stock Analysis on CCL.B
CCL Industries Stock Up 1.0%
The company has a debt-to-equity ratio of 48.08, a current ratio of 1.96 and a quick ratio of 1.31. The firm has a market capitalization of C$13.04 billion, a price-to-earnings ratio of 20.76, a price-to-earnings-growth ratio of 0.26 and a beta of 0.57. The business has a fifty day moving average price of C$70.41 and a two-hundred day moving average price of C$73.60.
Insider Transactions at CCL Industries
In other CCL Industries news, Director Gunther Johann Birkner sold 15,000 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of C$77.00, for a total transaction of C$1,155,000.00. Also, insider CCL Industries Inc. purchased 67,024 shares of the stock in a transaction on Friday, February 28th. The shares were acquired at an average price of C$73.98 per share, for a total transaction of C$4,958,609.78. Over the last quarter, insiders have purchased 169,402 shares of company stock worth $12,293,509 and have sold 23,427 shares worth $1,764,884. Company insiders own 11.22% of the company's stock.
CCL Industries Company Profile
(
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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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