Insider Selling: CCL Industries Inc. (TSE:CCL.B) Director Sells C$465,702.00 in Stock

CCL Industries Inc. (TSE:CCL.B) Director Geoffrey Martin sold 6,000 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of C$77.62, for a total value of C$465,702.00.

CCL Industries Trading Up 0.1 %

Shares of TSE CCL.B opened at C$76.80 on Thursday. The business’s 50 day moving average is C$72.96 and its two-hundred day moving average is C$70.26. The company has a debt-to-equity ratio of 48.08, a current ratio of 1.96 and a quick ratio of 1.31. CCL Industries Inc. has a 1-year low of C$52.82 and a 1-year high of C$79.06. The stock has a market capitalization of C$12.83 billion, a P/E ratio of 20.43, a PEG ratio of 0.26 and a beta of 0.56.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Raymond James raised their price target on CCL Industries from C$84.00 to C$87.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Royal Bank of Canada raised their price target on CCL Industries from C$81.00 to C$83.00 in a research note on Friday, May 10th. Scotiabank raised their price target on CCL Industries from C$80.00 to C$84.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. National Bankshares lifted their target price on CCL Industries from C$84.00 to C$87.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. Finally, Stifel Nicolaus lifted their target price on CCL Industries from C$79.00 to C$83.00 in a research report on Friday, May 10th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$84.78.

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.