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

CCL Industries Inc. (TSE:CCL.B) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$85.98 and traded as high as C$90.80. CCL Industries shares last traded at C$89.98, with a volume of 299,603 shares.

Wall Street Analysts Forecast Growth

CCL.B has been the topic of a number of analyst reports. ATB Cormark Capital Markets lifted their price target on CCL Industries from C$101.00 to C$102.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Scotiabank cut CCL Industries from an “outperform” rating to a “sector perform” rating and lifted their target price for the company from C$94.00 to C$96.00 in a research note on Thursday, January 29th. Stifel Nicolaus lifted their target price on 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. Raymond James Financial lifted their target price on CCL Industries from C$95.00 to C$100.00 in a research note on Friday, February 27th. Finally, Royal Bank Of Canada lifted 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. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$101.80.

CCL Industries Price Performance

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 has a market capitalization of C$15.46 billion, a price-to-earnings ratio of 19.69, a P/E/G ratio of 0.26 and a beta of 0.90. The stock’s 50 day moving average price is C$86.46 and its two-hundred day moving average price is C$85.98.

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. 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.