Tom Peddie Sells 400 Shares of CCL Industries Inc. (TSE:CCL.B) Stock

CCL Industries Inc. (TSE:CCL.B) Director Tom Peddie sold 400 shares of the firm’s stock in a transaction on Friday, March 28th. The shares were sold at an average price of C$69.85, for a total transaction of C$27,940.00. Following the transaction, the director now directly owns 100 shares of the company’s stock, valued at C$6,985. The trade was a 80.00 % decrease in their position.

CCL Industries Stock Performance

TSE:CCL.B traded down C$1.14 during trading hours on Friday, reaching C$69.31. The stock had a trading volume of 111,012 shares, compared to its average volume of 320,458. The stock has a 50 day simple moving average of C$72.07 and a 200 day simple moving average of C$76.07. CCL Industries Inc. has a 12-month low of C$66.96 and a 12-month high of C$84.70. The stock has a market cap of C$11.58 billion, a P/E ratio of 18.43, a price-to-earnings-growth ratio of 0.26 and a beta of 0.57. The company has a debt-to-equity ratio of 48.08, a quick ratio of 1.31 and a current ratio of 1.96.

Analyst Ratings Changes

Several research firms have issued reports on CCL.B. Scotiabank raised their price target on shares of CCL Industries from C$85.00 to C$86.00 in a report on Friday, February 21st. CIBC dropped their price target on 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. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price 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.