CCL Industries Inc. (TSE:CCL.B) Insider CCL Industries Inc. Purchases 35,354 Shares of Stock

CCL Industries Inc. (TSE:CCL.B) insider CCL Industries Inc. acquired 35,354 shares of CCL Industries stock in a transaction dated Tuesday, March 25th. The shares were bought at an average cost of C$71.61 per share, with a total value of C$2,531,784.79.

CCL Industries Inc. also recently made the following trade(s):

• On Friday, February 28th, CCL Industries Inc. bought 67,024 shares of CCL Industries stock. The shares were bought at an average cost of C$73.98 per share, for a total transaction of C$4,958,609.78.

CCL Industries Trading Down 1.2 %

TSE:CCL.B opened at C$71.17 on Friday. The stock’s 50-day moving average is C$70.45 and its two-hundred day moving average is C$73.96. The company has a debt-to-equity ratio of 48.08, a current ratio of 1.96 and a quick ratio of 1.31. The stock has a market cap of C$11.89 billion, a PE ratio of 18.93, a price-to-earnings-growth ratio of 0.26 and a beta of 0.57. CCL Industries Inc. has a fifty-two week low of C$64.93 and a fifty-two week high of C$84.70.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CCL.B. CIBC dropped their price target on CCL Industries from C$96.00 to C$88.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 22nd. TD Securities dropped their target price on shares of CCL Industries from C$94.00 to C$90.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. Finally, Scotiabank boosted their price target on shares of CCL Industries from C$85.00 to C$86.00 in a report on Friday, February 21st. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$88.88.

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.