CCL Industries (TSE:CCL.B) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened
by Renee Jackson · The Cerbat GemShares of CCL Industries Inc. (TSE:CCL.B – Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$84.25 and traded as high as C$89.64. CCL Industries shares last traded at C$88.59, with a volume of 351,268 shares.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on the company. Scotiabank downgraded CCL Industries from an “outperform” rating to a “sector perform” rating and lifted their price objective for the stock from C$94.00 to C$96.00 in a report on Thursday, January 29th. TD Securities boosted their price target on CCL Industries from C$100.00 to C$105.00 in a report on Wednesday, January 21st. National Bank Financial boosted their price target on CCL Industries from C$100.00 to C$102.00 and gave the company an “outperform” rating in a report on Tuesday, March 17th. Finally, Raymond James Financial boosted their price target on CCL Industries from C$95.00 to C$100.00 in a report on Friday, February 27th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, CCL Industries currently has an average rating of “Moderate Buy” and an average price target of C$99.50.
View Our Latest Stock Report on CCL.B
CCL Industries Stock Up 0.6%
The company has a debt-to-equity ratio of 48.08, a quick ratio of 1.31 and a current ratio of 1.96. The firm has a market capitalization of C$15.44 billion, a P/E ratio of 19.51, a P/E/G ratio of 0.26 and a beta of 0.86. The stock has a fifty day moving average price of C$87.32 and a two-hundred day moving average price of C$84.32.
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.