Derek Cumming Sells 3,500 Shares of CCL Industries Inc. (TSE:CCL.B) Stock

CCL Industries Inc. (TSE:CCL.B) Director Derek Cumming sold 3,500 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of C$78.25, for a total transaction of C$273,889.70.

Derek Cumming also recently made the following trade(s):

• On Monday, September 23rd, Derek Cumming sold 10,000 shares of CCL Industries stock. The shares were sold at an average price of C$81.41, for a total value of C$814,100.00.

CCL Industries Trading Down 0.9 %

CCL.B stock opened at C$74.37 on Friday. CCL Industries Inc. has a 52 week low of C$55.34 and a 52 week high of C$84.70. The company has a market capitalization of C$12.42 billion, a PE ratio of 19.78, a price-to-earnings-growth ratio of 0.26 and a beta of 0.57. The company’s 50-day simple moving average is C$79.79 and its 200 day simple moving average is C$76.20. The company has a debt-to-equity ratio of 48.08, a quick ratio of 1.31 and a current ratio of 1.96.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CCL.B. Stifel Nicolaus raised their price target on CCL Industries from C$85.00 to C$90.00 in a research note on Monday, November 18th. BMO Capital Markets raised their target price on shares of CCL Industries from C$90.00 to C$93.00 in a research note on Friday, November 15th. TD Securities dropped their price target on shares of CCL Industries from C$98.00 to C$94.00 in a research report on Friday, November 15th. Royal Bank of Canada decreased their price objective on shares of CCL Industries from C$92.00 to C$90.00 in a research report on Friday, November 15th. Finally, CIBC boosted their price objective on shares of CCL Industries from C$93.00 to C$96.00 in a research note on Monday, November 18th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$88.44.

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.