Insider Selling: CCL Industries Inc. (TSE:CCL.B) Senior Officer Sells 250 Shares of Stock

CCL Industries Inc. (TSE:CCL.B) Senior Officer Suzana Furtado sold 250 shares of the firm’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of C$72.52, for a total transaction of C$18,129.35.

CCL Industries Stock Performance

CCL Industries stock opened at C$74.82 on Monday. The company has a quick ratio of 1.31, a current ratio of 1.96 and a debt-to-equity ratio of 48.08. The company has a market capitalization of C$12.50 billion, a PE ratio of 19.90, a P/E/G ratio of 0.26 and a beta of 0.57. The firm has a fifty day simple moving average of C$72.36 and a two-hundred day simple moving average of C$76.55. CCL Industries Inc. has a twelve month low of C$66.96 and a twelve month high of C$84.70.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CCL.B shares. CIBC dropped their price objective on shares of CCL Industries from C$97.00 to C$96.00 and set an “outperform” rating for the company in a report on Tuesday, February 25th. Royal Bank of Canada dropped their price objective on shares of CCL Industries from C$92.00 to C$90.00 in a report on Friday, November 15th. BMO Capital Markets lifted their price objective on shares of CCL Industries from C$90.00 to C$93.00 in a report on Friday, November 15th. TD Securities dropped their price objective on shares of CCL Industries from C$98.00 to C$94.00 in a report on Friday, November 15th. Finally, Scotiabank lifted their price objective on shares of CCL Industries from C$85.00 to C$86.00 in a report on Friday, February 21st. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, CCL Industries currently 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.