CCL Industries Inc. (TSE:CCL.B) Director Derek Cumming Sells 3,500 Shares

CCL Industries Inc. (TSE:CCL.B) Director Derek Cumming sold 3,500 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of C$78.25, for a total transaction of C$273,889.70.

Derek Cumming also recently made the following trade(s):

• On Monday, September 23rd, Derek Cumming sold 10,000 shares of CCL Industries stock. The shares were sold at an average price of C$81.41, for a total transaction of C$814,100.00.

CCL Industries Stock Up 0.5 %

CCL.B opened at C$74.71 on Friday. The stock has a fifty day moving average of C$79.65 and a 200-day moving average of C$76.23. The company has a market capitalization of C$12.48 billion, a P/E ratio of 19.87, a P/E/G ratio of 0.26 and a beta of 0.57. CCL Industries Inc. has a fifty-two week low of C$55.34 and a fifty-two week high of C$84.70. The company has a debt-to-equity ratio of 48.08, a quick ratio of 1.31 and a current ratio of 1.96.

Wall Street Analysts Forecast Growth

CCL.B has been the subject of several recent analyst reports. BMO Capital Markets raised their target price on shares of CCL Industries from C$90.00 to C$93.00 in a research note on Friday, November 15th. CIBC lifted their target price on CCL Industries from C$93.00 to C$96.00 in a research note on Monday, November 18th. Royal Bank of Canada dropped their price target on CCL Industries from C$92.00 to C$90.00 in a research note on Friday, November 15th. Stifel Nicolaus lifted their price objective on shares of CCL Industries from C$85.00 to C$90.00 in a research report on Monday, November 18th. Finally, TD Securities dropped their price objective on shares of CCL Industries from C$98.00 to C$94.00 in a research report on Friday, November 15th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat.com, CCL Industries presently has a consensus rating of “Buy” and an average target price of C$88.44.

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.