CCL Industries Inc. (TSE:CCL.B) Insider CCL Industries Inc. Acquires 67,024 Shares

CCL Industries Inc. (TSE:CCL.B) insider CCL Industries Inc. acquired 67,024 shares of the stock in a transaction dated Friday, February 28th. The stock was acquired at an average price of C$73.98 per share, for a total transaction of C$4,958,609.78.

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

• On Tuesday, December 3rd, CCL Industries Inc. bought 67,024 shares of CCL Industries stock. The stock was acquired at an average cost of C$78.37 per share, with a total value of C$5,252,845.14.

CCL Industries Price Performance

TSE:CCL.B opened at C$73.54 on Tuesday. CCL Industries Inc. has a 12-month low of C$66.96 and a 12-month high of C$84.70. The firm has a market capitalization of C$12.29 billion, a price-to-earnings ratio of 19.56, a P/E/G ratio of 0.26 and a beta of 0.57. The stock’s 50 day moving average price is C$72.51 and its two-hundred day moving average price is C$76.49. The company has a quick ratio of 1.31, a current ratio of 1.96 and a debt-to-equity ratio of 48.08.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. CIBC cut their price target on shares of 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. Stifel Nicolaus upped their target price on CCL Industries from C$85.00 to C$90.00 in a report on Monday, November 18th. TD Securities decreased their price target on CCL Industries from C$98.00 to C$94.00 in a research note on Friday, November 15th. BMO Capital Markets upped their price objective on CCL Industries from C$90.00 to C$93.00 in a research note on Friday, November 15th. Finally, Royal Bank of Canada cut their price objective on CCL Industries from C$92.00 to C$90.00 in a report on Friday, November 15th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$90.38.

About CCL Industries

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.