CCL Industries (TSE:CCL.B) Shares Cross Above 200-Day Moving Average – Should You Sell?

CCL Industries Inc. (TSE:CCL.B) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$77.85 and traded as high as C$79.71. CCL Industries shares last traded at C$78.09, with a volume of 325,084 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. BMO Capital Markets increased their price target on shares of CCL Industries from C$91.00 to C$95.00 in a report on Friday, August 15th. National Bankshares raised their price objective on 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. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, CCL Industries currently has an average rating of “Buy” and an average price target of C$91.43.

CCL Industries Stock Down 2.3%

The company has a market cap of C$13.62 billion, a PE ratio of 17.51, a P/E/G ratio of 0.26 and a beta of 0.54. 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 firm’s fifty day simple moving average is C$79.45 and its 200-day simple moving average is C$77.85.

About CCL Industries

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.