CCL Industries (TSE:CCL.B) Shares Cross Above Two Hundred Day Moving Average of $60.94

CCL Industries Inc. (TSE:CCL.B - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$60.94 and traded as high as C$70.86. CCL Industries shares last traded at C$70.82, with a volume of 336,236 shares.

Analyst Ratings Changes

CCL.B has been the subject of a number of research reports. CIBC raised their price target on shares of CCL Industries from C$82.00 to C$83.00 in a report on Thursday, April 11th. Raymond James raised shares of CCL Industries from a "market perform" rating to an "outperform" rating and raised their price objective for the company from C$74.00 to C$78.00 in a research note on Thursday, March 7th. National Bankshares raised their price objective on shares of CCL Industries from C$79.00 to C$81.00 and gave the company an "outperform" rating in a research note on Friday, February 23rd. Royal Bank of Canada raised their price objective on shares of CCL Industries from C$72.00 to C$81.00 and gave the company an "outperform" rating in a research note on Friday, February 23rd. Finally, Scotiabank raised their price objective on shares of CCL Industries from C$72.00 to C$79.00 and gave the company an "outperform" rating in a research note on Friday, February 23rd. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of C$78.90.

CCL Industries Stock Down 0.3 %

The firm has a market cap of C$11.71 billion, a PE ratio of 23.93, a PEG ratio of 0.26 and a beta of 0.55. The company has a debt-to-equity ratio of 49.37, a quick ratio of 1.31 and a current ratio of 1.89. The company's 50-day simple moving average is C$68.20 and its two-hundred day simple moving average is C$61.04.

Insider Buying and Selling at CCL Industries

In other news, Director Stuart W. Lang sold 175,000 shares of the firm's stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of C$73.84, for a total transaction of C$12,921,300.00. In other news, Senior Officer Sean Washchuk sold 1,000 shares of CCL Industries stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of C$73.60, for a total transaction of C$73,600.00. Also, Director Stuart W. Lang sold 175,000 shares of the company's stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of C$73.84, for a total transaction of C$12,921,300.00. In the last ninety days, insiders sold 293,799 shares of company stock worth $21,357,228. 10.03% of the stock is owned by corporate insiders.

About CCL Industries

CCL Industries Inc manufactures and sells labels, containers, consumer printable media products, technology driven label solutions, polymer bank note substrates, and specialty films. The company operates through four segments: CCL, Avery, Checkpoint, and Innovia. The CCL segment offers pressure sensitive and specialty extruded film materials for decorative, instructional, functional, and security applications in the consumer packaging, healthcare, chemicals, consumer electronic device, and automotive markets.