CCL Industries Inc. (TSE:CCL.B) Director Tom Peddie Sells 1,500 Shares

CCL Industries Inc. (TSE:CCL.BGet Rating) Director Tom Peddie sold 1,500 shares of the business’s stock in a transaction dated Monday, September 12th. The shares were sold at an average price of C$68.92, for a total transaction of C$103,380.00. Following the completion of the transaction, the director now owns 8,500 shares in the company, valued at approximately C$585,820.

CCL Industries Price Performance

CCL.B stock opened at C$67.18 on Wednesday. CCL Industries Inc. has a 12 month low of C$53.36 and a 12 month high of C$73.00. The company has a current ratio of 1.86, a quick ratio of 1.26 and a debt-to-equity ratio of 62.75. The company has a 50-day moving average price of C$63.96 and a 200 day moving average price of C$60.25. The stock has a market cap of C$11.89 billion and a PE ratio of 19.88.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CCL.B. CIBC upped their target price on shares of CCL Industries from C$71.00 to C$74.00 in a research note on Monday, August 15th. BMO Capital Markets increased their price target on shares of CCL Industries from C$79.00 to C$80.00 in a research report on Friday, August 12th. TD Securities increased their price objective on shares of CCL Industries from C$70.00 to C$73.00 and gave the stock a “buy” rating in a research note on Friday, August 12th. National Bankshares increased their price objective on shares of CCL Industries from C$79.00 to C$81.00 and gave the stock an “outperform” rating in a research note on Friday, August 12th. Finally, Pi Financial raised their target price on shares of CCL Industries from C$79.00 to C$82.00 in a research note on Thursday, August 4th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, CCL Industries has an average rating of “Buy” and a consensus target price of C$77.44.

CCL Industries Company Profile

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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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