CCL Industries Inc. (TSE:CCL.B – Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$62.24 and traded as high as C$72.26. CCL Industries shares last traded at C$71.49, with a volume of 185,663 shares trading hands.
Analysts Set New Price Targets
Several research firms have recently issued reports on CCL.B. Raymond James upgraded CCL Industries from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from C$74.00 to C$78.00 in a report on Thursday, March 7th. Royal Bank of Canada lifted their price target on CCL Industries from C$72.00 to C$81.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. BMO Capital Markets increased their price objective on shares of CCL Industries from C$76.00 to C$81.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. National Bankshares boosted their target price on shares of CCL Industries from C$79.00 to C$81.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Finally, Scotiabank increased their price target on shares of CCL Industries from C$72.00 to C$79.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, CCL Industries presently has an average rating of “Buy” and an average price target of C$78.90.
Get Our Latest Stock Analysis on CCL Industries
CCL Industries Price Performance
Insider Transactions at CCL Industries
In related news, Director Stuart W. Lang sold 175,000 shares of CCL Industries stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of C$73.84, for a total transaction of C$12,921,300.00. In other CCL Industries news, Director Derek Cumming sold 700 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of C$69.51, for a total value of C$48,653.50. Also, Director Stuart W. Lang sold 175,000 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of C$73.84, for a total transaction of C$12,921,300.00. Insiders sold 293,799 shares of company stock valued at $21,357,228 over the last 90 days. Corporate insiders own 11.13% of the company’s stock.
CCL Industries Company Profile
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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