Stuart W. Lang Sells 37,290 Shares of CCL Industries Inc. (TSE:CCL.B) Stock

CCL Industries Inc. (TSE:CCL.B) Director Stuart W. Lang sold 37,290 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of C$76.70, for a total transaction of C$2,860,143.00.

CCL Industries Trading Up 0.4 %

TSE CCL.B traded up C$0.34 during trading on Friday, hitting C$77.09. The stock had a trading volume of 306,163 shares, compared to its average volume of 261,042. 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 stock has a market capitalization of C$12.88 billion, a price-to-earnings ratio of 20.41, a P/E/G ratio of 0.26 and a beta of 0.56. CCL Industries Inc. has a one year low of C$52.82 and a one year high of C$79.06. The stock has a 50 day simple moving average of C$73.06 and a 200 day simple moving average of C$70.31.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CCL.B. Stifel Nicolaus increased their price target on shares of CCL Industries from C$79.00 to C$83.00 in a report on Friday, May 10th. Royal Bank of Canada increased their price target on shares of CCL Industries from C$81.00 to C$83.00 in a report on Friday, May 10th. National Bankshares increased their price target on shares of CCL Industries from C$84.00 to C$87.00 and gave the company an “outperform” rating in a report on Monday, August 12th. BMO Capital Markets increased their price target on shares of CCL Industries from C$83.00 to C$84.00 and gave the company an “outperform” rating in a report on Monday, August 12th. Finally, Scotiabank increased their price target on shares of CCL Industries from C$80.00 to C$84.00 and gave the company an “outperform” rating in a report on Monday, August 12th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$84.78.

CCL Industries Company Profile

CCL Industries Inc manufactures and sells labels, containers, consumer printable media products, technology driven label solutions, polymer bank note substrates, and specialty films. The company operates through four segments: CCL, Avery, Checkpoint, and Innovia. The CCL segment offers pressure sensitive and specialty extruded film materials for decorative, instructional, functional, and security applications in the consumer packaging, healthcare, chemicals, consumer electronic device, and automotive markets.