CCL Industries Inc. (TSE:CCL.B) Director Sells C$158,391.18 in Stock

CCL Industries Inc. (TSE:CCL.B) Director Scott Mitchell-Harris sold 2,141 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of C$73.98, for a total value of C$158,391.18.

CCL Industries Trading Up 2.0 %

Shares of CCL.B stock opened at C$71.72 on Monday. The stock’s fifty day moving average price is C$72.16 and its two-hundred day moving average price is C$76.41. The company has a market cap of C$11.98 billion, a PE ratio of 19.07, a P/E/G ratio of 0.26 and a beta of 0.57. CCL Industries Inc. has a fifty-two week low of C$66.96 and a fifty-two week 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.

Wall Street Analysts Forecast Growth

CCL.B has been the topic of a number of analyst reports. Scotiabank increased their price target on CCL Industries from C$85.00 to C$86.00 in a research report on Friday, February 21st. Stifel Nicolaus increased their price target on CCL Industries from C$85.00 to C$90.00 in a research report on Monday, November 18th. Finally, CIBC reduced their price target on CCL Industries from C$97.00 to C$96.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 25th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of C$90.38.

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.