CCL Industries (TSE:CCL.B) Stock Crosses Above Two Hundred Day Moving Average of $57.16
Shares of CCL Industries Inc. (TSE:CCL.B) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $57.16 and traded as high as $59.00. CCL Industries shares last traded at $58.83, with a volume of 136,669 shares traded.
A number of equities analysts have commented on CCL.B shares. Raymond James set a C$65.00 target price on CCL Industries and gave the company an “outperform” rating in a report on Monday, January 20th. Royal Bank of Canada dropped their price target on CCL Industries from C$71.00 to C$69.00 and set an “outperform” rating for the company in a research report on Wednesday, November 13th. Laurentian Bank of Canada reiterated a “buy” rating and set a C$67.00 price target on shares of CCL Industries in a research report on Thursday, January 30th. Laurentian set a C$67.00 price objective on CCL Industries and gave the company a “buy” rating in a report on Thursday, January 30th. Finally, CIBC lowered their target price on shares of CCL Industries from C$68.00 to C$67.00 in a research note on Wednesday, November 13th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. CCL Industries presently has a consensus rating of “Buy” and a consensus price target of C$66.43.
The company has a market cap of $9.74 billion and a PE ratio of 21.63. The company has a debt-to-equity ratio of 91.67, a quick ratio of 1.37 and a current ratio of 1.87. The firm’s 50 day moving average is C$57.15 and its 200-day moving average is C$57.11.
CCL Industries Company Profile (TSE:CCL.B)
CCL Industries Inc manufactures and sells labels, containers, consumer printable media products, technology driven label solutions, polymer bank note substrates, and specialty films. The company operates through four segments: CCL, Avery, Checkpoint, and Innovia. The CCL segment offers pressure sensitive and specialty extruded film materials for decorative, instructional, functional, and security applications in the consumer packaging, healthcare, chemicals, consumer electronic device, and automotive markets.
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