CCL Industries Inc. (TSE:CCL.B – Get Rating) Senior Officer Nicolangelo Vecchiarelli sold 13,500 shares of CCL Industries stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of C$69.00, for a total value of C$931,500.00. Following the sale, the insider now directly owns 3,250 shares of the company’s stock, valued at C$224,250.
CCL Industries Price Performance
CCL Industries stock opened at C$69.00 on Tuesday. The company has a debt-to-equity ratio of 62.75, a quick ratio of 1.26 and a current ratio of 1.86. CCL Industries Inc. has a 52 week low of C$53.36 and a 52 week high of C$73.17. The stock has a market capitalization of C$12.21 billion and a P/E ratio of 20.41. The stock has a fifty day moving average of C$63.85 and a 200-day moving average of C$60.20.
Analyst Ratings Changes
Several research firms recently weighed in on CCL.B. TD Securities lifted their price target on CCL Industries from C$70.00 to C$73.00 and gave the stock a “buy” rating in a report on Friday, August 12th. Pi Financial lifted their price objective on CCL Industries from C$79.00 to C$82.00 in a report on Thursday, August 4th. BMO Capital Markets lifted their price objective on CCL Industries from C$79.00 to C$80.00 in a report on Friday, August 12th. National Bankshares lifted their price objective on CCL Industries from C$79.00 to C$81.00 and gave the company an “outperform” rating in a report on Friday, August 12th. Finally, CIBC lifted their price objective on CCL Industries from C$71.00 to C$74.00 in a report on Monday, August 15th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$77.44.
About CCL Industries
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.
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