CCL Industries (TSE:CCL.B) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

CCL Industries Inc. (TSE:CCL.B) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$76.56 and traded as low as C$71.68. CCL Industries shares last traded at C$71.83, with a volume of 240,394 shares traded.

Analyst Ratings Changes

Several equities research analysts have weighed in on CCL.B shares. CIBC raised their price objective on shares of CCL Industries from C$93.00 to C$96.00 in a research report on Monday, November 18th. BMO Capital Markets boosted their price objective on shares of CCL Industries from C$90.00 to C$93.00 in a research report on Friday, November 15th. TD Securities decreased their price objective on CCL Industries from C$98.00 to C$94.00 in a research report on Friday, November 15th. Royal Bank of Canada dropped their target price on CCL Industries from C$92.00 to C$90.00 in a research report on Friday, November 15th. Finally, Stifel Nicolaus upped their price target on CCL Industries from C$85.00 to C$90.00 in a research note on Monday, November 18th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, CCL Industries currently has an average rating of “Buy” and a consensus price target of C$90.13.

CCL Industries Stock Performance

The company has a current ratio of 1.96, a quick ratio of 1.31 and a debt-to-equity ratio of 48.08. The company has a market cap of C$12.00 billion, a price-to-earnings ratio of 19.10, a P/E/G ratio of 0.26 and a beta of 0.57. The stock has a 50 day moving average price of C$76.17 and a two-hundred day moving average price of C$76.56.

Insider Buying and Selling at CCL Industries

In other news, insider CCL Industries Inc. acquired 67,024 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was acquired at an average price of C$78.37 per share, for a total transaction of C$5,252,845.14. Also, Director Derek Cumming sold 3,500 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of C$78.25, for a total value of C$273,889.70. Over the last quarter, insiders have purchased 201,072 shares of company stock valued at $15,572,229. 11.22% of the stock is currently owned by company insiders.

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.