CCL Industries Inc. (TSE:CCL.B) Director Scott Mitchell-Harris Sells 2,141 Shares

CCL Industries Inc. (TSE:CCL.B) Director Scott Mitchell-Harris sold 2,141 shares of CCL Industries 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 transaction of C$158,391.18.

CCL Industries Stock Up 2.0 %

Shares of CCL Industries stock opened at C$71.72 on Friday. 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 company’s fifty day simple moving average is C$72.16 and its two-hundred day simple moving average is C$76.42. The company has a market cap of C$11.98 billion, a P/E ratio of 19.07, a PEG ratio of 0.26 and a beta of 0.57. CCL Industries Inc. has a 12-month low of C$66.96 and a 12-month high of C$84.70.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CCL.B. TD Securities decreased their target price on shares of CCL Industries from C$98.00 to C$94.00 in a research note on Friday, November 15th. Scotiabank lifted their target price on shares of CCL Industries from C$85.00 to C$86.00 in a research note on Friday, February 21st. CIBC decreased their target price on shares of CCL Industries from C$97.00 to C$96.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 25th. BMO Capital Markets lifted their target price on shares of CCL Industries from C$90.00 to C$93.00 in a research note on Friday, November 15th. Finally, Stifel Nicolaus lifted their target price on shares of CCL Industries from C$85.00 to C$90.00 in a research note on Monday, November 18th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company 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.