CCL Industries Inc. (TSE:CCL.B) Insider CCL Industries Inc. Purchases 67,024 Shares

CCL Industries Inc. (TSE:CCL.B) insider CCL Industries Inc. acquired 67,024 shares of CCL Industries stock in a transaction dated Tuesday, December 3rd. The shares were bought at an average cost of C$78.37 per share, for a total transaction of C$5,252,845.14.

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

• On Wednesday, November 27th, CCL Industries Inc. bought 67,024 shares of CCL Industries stock. The shares were bought at an average price of C$76.42 per share, with a total value of C$5,121,826.63.
• On Friday, November 29th, CCL Industries Inc. acquired 67,024 shares of CCL Industries stock. The stock was bought at an average price of C$77.55 per share, with a total value of C$5,197,557.04.

CCL Industries Price Performance

CCL.B stock opened at C$72.12 on Wednesday. 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$55.34 and a 1 year high of C$84.70. The firm has a 50-day moving average of C$77.21 and a 200 day moving average of C$76.55. The company has a market cap of C$12.05 billion, a P/E ratio of 19.18, a PEG ratio of 0.26 and a beta of 0.57.

Wall Street Analyst Weigh In

Several brokerages recently commented on CCL.B. TD Securities decreased their target price on shares of CCL Industries from C$98.00 to C$94.00 in a research note on Friday, November 15th. Stifel Nicolaus boosted their price objective on shares of CCL Industries from C$85.00 to C$90.00 in a research report on Monday, November 18th. CIBC increased their target price on shares of CCL Industries from C$93.00 to C$96.00 in a report on Monday, November 18th. Royal Bank of Canada reduced their price target on CCL Industries from C$92.00 to C$90.00 in a report on Friday, November 15th. Finally, BMO Capital Markets upped their price target on CCL Industries from C$90.00 to C$93.00 in a research report on Friday, November 15th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$90.13.

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.