CCL Industries Inc. Buys 67,024 Shares of CCL Industries Inc. (TSE:CCL.B) Stock

CCL Industries Inc. (TSE:CCL.B) insider CCL Industries Inc. acquired 67,024 shares of the firm’s stock in a transaction dated Friday, February 28th. The stock was bought 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. purchased 67,024 shares of CCL Industries stock. The shares were bought at an average price of C$78.37 per share, for a total transaction of C$5,252,845.14.

CCL Industries Trading Down 1.7 %

Shares of CCL.B opened at C$72.31 on Wednesday. CCL Industries Inc. has a 1-year low of C$66.96 and a 1-year high of C$84.70. The company has a current ratio of 1.96, a quick ratio of 1.31 and a debt-to-equity ratio of 48.08. The firm’s 50-day moving average price is C$72.46 and its 200-day moving average price is C$76.49. The firm has a market capitalization of C$12.08 billion, a price-to-earnings ratio of 19.23, a PEG ratio of 0.26 and a beta of 0.57.

Analyst Ratings Changes

Several analysts have weighed in on the company. CIBC lowered their price objective on CCL Industries from C$97.00 to C$96.00 and set an “outperform” rating for the company in a research report on Tuesday, February 25th. Stifel Nicolaus upped their price target on shares of CCL Industries from C$85.00 to C$90.00 in a report on Monday, November 18th. BMO Capital Markets raised their price target on shares of CCL Industries from C$90.00 to C$93.00 in a report on Friday, November 15th. Royal Bank of Canada lowered their price objective on shares of CCL Industries from C$92.00 to C$90.00 in a research note on Friday, November 15th. Finally, TD Securities cut their target price on CCL Industries from C$98.00 to C$94.00 in a research note on Friday, November 15th. Six 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$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.