Insider Buying: CCL Industries Inc. (TSE:CCL.B) Insider Acquires 67,024 Shares of Stock

CCL Industries Inc. (TSE:CCL.B) insider CCL Industries Inc. bought 67,024 shares of the business’s stock in a transaction on Friday, February 28th. The stock was bought at an average price of C$73.98 per share, for a total transaction of C$4,958,609.78.

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

• On Tuesday, December 3rd, CCL Industries Inc. purchased 67,024 shares of CCL Industries stock. The shares were purchased at an average cost of C$78.37 per share, with a total value of C$5,252,845.14.

CCL Industries Price Performance

TSE CCL.B opened at C$71.51 on Thursday. The company has a market cap of C$11.95 billion, a price-to-earnings ratio of 19.02, a PEG ratio of 0.26 and a beta of 0.57. 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’s fifty day moving average price is C$72.40 and its 200 day moving average price is C$76.49. CCL Industries Inc. has a 1 year low of C$66.96 and a 1 year high of C$84.70.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Stifel Nicolaus boosted their price objective on shares of CCL Industries from C$85.00 to C$90.00 in a research note on Monday, November 18th. TD Securities reduced their price target on CCL Industries from C$98.00 to C$94.00 in a research report on Friday, November 15th. CIBC lowered their price objective on CCL Industries from C$97.00 to C$96.00 and set an “outperform” rating for the company in a research report on Tuesday, February 25th. Scotiabank upped their target price on CCL Industries from C$85.00 to C$86.00 in a research report on Friday, February 21st. Finally, Royal Bank of Canada decreased their price target on CCL Industries from C$92.00 to C$90.00 in a research note on Friday, November 15th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$90.38.

CCL Industries Company Profile

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.