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

CCL Industries Inc. (TSE:CCL.B) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$87.42 and traded as high as C$94.73. CCL Industries shares last traded at C$94.63, with a volume of 459,639 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CCL.B. Stifel Nicolaus upped their target price on shares of CCL Industries from C$103.00 to C$105.00 and gave the company a “buy” rating in a research note on Friday, May 15th. TD boosted their price objective on shares of CCL Industries from C$105.00 to C$110.00 and gave the stock a “buy” rating in a report on Friday, May 15th. National Bank Financial upped their price objective on shares of CCL Industries from C$102.00 to C$104.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Royal Bank Of Canada raised their target price on CCL Industries from C$99.00 to C$100.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Finally, ATB Cormark Capital Markets lifted their target price on CCL Industries from C$101.00 to C$102.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$101.80.

CCL Industries Trading Down 1.2%

The company has a quick ratio of 1.31, a current ratio of 1.96 and a debt-to-equity ratio of 48.08. The business’s 50 day moving average is C$88.83 and its 200-day moving average is C$87.46. The firm has a market cap of C$15.96 billion, a P/E ratio of 20.32, a price-to-earnings-growth ratio of 0.26 and a beta of 0.93.

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. The Avery segment sells software, labels, tags, dividers, badges, and specialty card products under the Avery brand. The Checkpoint segment includes the manufacturing and selling of technology-driven, inventory management and labeling solutions.