CCL Industries (TSE:CCL.B) Stock Passes Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• CCL Industries Inc. shares have passed above their 200-day moving average, trading higher at C$83.91 with a high of C$84.69 during recent sessions.
• Research analysts have raised their target prices for CCL Industries, with BMO Capital Markets increasing it to C$95.00 and National Bank raising it to C$96.00, both noting strong ratings for the stock.
• Insider activity includes the purchase of 13,300 shares by CCL Industries Inc. at C$79.97 per share, while a director sold 24,200 shares at C$78.50, indicating active trading among company insiders.

CCL Industries Inc. (TSE:CCL.B - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$74.99 and traded as high as C$84.69. CCL Industries shares last traded at C$83.91, with a volume of 238,050 shares traded.

Wall Street Analyst Weigh In

Several brokerages recently commented on CCL.B. BMO Capital Markets boosted their price target on CCL Industries from C$91.00 to C$95.00 in a research report on Friday, August 15th. National Bankshares upped their target price on CCL Industries from C$94.00 to C$96.00 and gave the company an "outperform" rating in a report on Friday, August 15th. Finally, 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 report on Friday, May 9th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of C$91.43.

CCL Industries Trading Up 0.1%

The firm has a market capitalization of C$13.63 billion, a PE ratio of 21.70, a PEG ratio of 0.26 and a beta of 0.57. The company has a current ratio of 1.96, a quick ratio of 1.31 and a debt-to-equity ratio of 48.08. The business has a fifty day moving average price of C$79.42 and a two-hundred day moving average price of C$75.21.

Insider Transactions at CCL Industries

In other news, Director Ben Yaacob Lilienthal sold 24,200 shares of the stock in a transaction on 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 stock in a transaction dated Friday, May 30th. The shares were acquired at an average price of C$79.97 per share, with a total value of C$1,063,555.78. Company insiders own 11.22% of the company's stock.

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.