CCL Industries Inc. (TSE:CCL.B) Insider Buys C$5,121,826.63 in Stock

CCL Industries Inc. (TSE:CCL.B) insider CCL Industries Inc. bought 67,024 shares of CCL Industries stock in a transaction dated Wednesday, November 27th. The shares were acquired at an average price of C$76.42 per share, with a total value of C$5,121,826.63.

CCL Industries Inc. also recently made the following trade(s):

• On Friday, November 29th, CCL Industries Inc. purchased 67,024 shares of CCL Industries stock. The shares were acquired at an average cost of C$77.55 per share, with a total value of C$5,197,557.04.

CCL Industries Price Performance

Shares of CCL.B stock traded down C$0.33 during trading on Thursday, hitting C$73.62. The company had a trading volume of 155,482 shares, compared to its average volume of 279,133. The stock’s 50-day moving average price is C$77.81 and its 200 day moving average price is C$76.53. CCL Industries Inc. has a one year low of C$55.34 and a one year high of C$84.70. The company has a debt-to-equity ratio of 48.08, a quick ratio of 1.31 and a current ratio of 1.96. The firm has a market capitalization of C$12.30 billion, a P/E ratio of 19.58, a price-to-earnings-growth ratio of 0.26 and a beta of 0.57.

Wall Street Analyst Weigh In

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

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.