CCL Industries (TSE:CCL.B) Stock Price Crosses Above 200-Day Moving Average - What's Next?

Key Points

• CCL Industries' stock price has recently surpassed its 200-day moving average, indicating potential upward momentum, with the stock last trading at C$81.23.
• Analysts maintain a positive outlook for CCL Industries, with multiple upgrades to their target prices, now averaging C$91.43, and a consensus rating of "Buy."
• The company has shown solid financials, reflected by a market capitalization of C$14.17 billion and a healthy debt-to-equity ratio of 48.08.

CCL Industries Inc. (TSE:CCL.B - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$75.95 and traded as high as C$81.70. CCL Industries shares last traded at C$81.23, with a volume of 254,610 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CCL.B. National Bankshares lifted their target price on shares of CCL Industries from C$94.00 to C$96.00 and gave the company an "outperform" rating in a research note on Friday, August 15th. BMO Capital Markets lifted their target price on shares of CCL Industries from C$91.00 to C$95.00 in a research note on Friday, August 15th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of C$91.43.

CCL Industries Stock Performance

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's 50 day moving average is C$80.02 and its 200 day moving average is C$76.13. The stock has a market capitalization of C$13.95 billion, a PE ratio of 17.94, a PEG ratio of 0.26 and a beta of 0.51.

Insider Transactions at CCL Industries

In other CCL Industries news, Director Gunther Johann Birkner sold 10,000 shares of the business's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of C$79.00, for a total value of C$790,000.00. Also, Director Ben Yaacob Lilienthal sold 24,200 shares of the business's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of C$78.50, for a total transaction of C$1,899,700.00. 11.22% of the stock is currently owned by insiders.

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.