CCL Industries (TSE:CCL.B) Stock Crosses Below Two Hundred Day Moving Average of $0.00

CCL Industries Inc. (TSE:CCL.B)’s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $0.00 and traded as low as $63.11. CCL Industries shares last traded at $64.16, with a volume of 149,307 shares changing hands.

Several research firms have weighed in on CCL.B. TD Securities upped their target price on CCL Industries from C$58.00 to C$60.00 and gave the company a “hold” rating in a report on Thursday, May 16th. CIBC upped their price objective on CCL Industries from C$64.00 to C$70.00 in a research report on Monday, July 22nd. BMO Capital Markets upped their price objective on CCL Industries from C$62.00 to C$68.00 in a research report on Thursday, May 16th. Finally, Royal Bank of Canada upped their price objective on CCL Industries from C$66.00 to C$73.00 in a research report on Tuesday, July 16th.

The firm has a fifty day moving average price of C$65.58. The stock has a market cap of $10.73 billion and a P/E ratio of 24.63. The company has a debt-to-equity ratio of 99.11, a current ratio of 1.82 and a quick ratio of 1.32.

In other news, Senior Officer James Andrew Sellors sold 25,000 shares of the stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of C$59.50, for a total value of C$1,487,500.00. Following the completion of the sale, the insider now owns 40,950 shares in the company, valued at C$2,436,525. Over the last 90 days, insiders sold 25,200 shares of company stock worth $1,499,709.

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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