CCL Industries (TSE:CCL.B) Stock Price Passes 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 Monday . The stock has a 200-day moving average of C$88.78 and traded as high as C$93.03. CCL Industries shares last traded at C$93.00, with a volume of 584,742 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. ATB Cormark Capital Markets lifted their target price on CCL Industries from C$102.00 to C$104.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. Stifel Nicolaus raised their price target on CCL Industries from C$103.00 to C$105.00 and gave the company a “buy” rating in a report on Friday, May 15th. Canadian Imperial Bank of Commerce lifted their price objective on shares of CCL Industries from C$104.00 to C$113.00 in a research report on Friday, August 14th. BMO Capital Markets upped their price objective on shares of CCL Industries from C$103.00 to C$110.00 in a report on Friday, August 14th. Finally, TD increased their price objective on shares of CCL Industries from C$110.00 to C$115.00 and gave the company a “buy” rating in a research report on Friday, August 14th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$106.60.

CCL Industries Trading Up 1.3%

The company has a market cap of C$15.58 billion, a P/E ratio of 19.73, a PEG ratio of 0.26 and a beta of 0.95. The business has a fifty day moving average price of C$92.49 and a 200-day moving average price of C$88.82. The company has a quick ratio of 1.31, a current ratio of 1.96 and a debt-to-equity ratio of 48.08.

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.