CCL Industries Inc. (TSE:CCL.B) Director Sells C$1,721,482.83 in Stock

CCL Industries Inc. (TSE:CCL.B) Director Mark Cooper sold 24,543 shares of the company’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of C$70.14, for a total transaction of C$1,721,482.83.

CCL Industries Stock Performance

CCL.B traded up C$0.01 during trading on Thursday, hitting C$69.50. 17,496 shares of the company traded hands, compared to its average volume of 276,571. The firm has a market cap of C$11.54 billion, a P/E ratio of 23.56, a price-to-earnings-growth ratio of 0.26 and a beta of 0.55. The stock’s fifty day moving average is C$64.18 and its 200 day moving average is C$59.62. The company has a quick ratio of 1.31, a current ratio of 1.89 and a debt-to-equity ratio of 49.37. CCL Industries Inc. has a one year low of C$52.82 and a one year high of C$74.49.

Analysts Set New Price Targets

A number of research firms have recently commented on CCL.B. BMO Capital Markets upped their price objective on shares of CCL Industries from C$76.00 to C$81.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. CIBC upped their price objective on shares of CCL Industries from C$72.00 to C$82.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Stifel Nicolaus upgraded shares of CCL Industries from a “hold” rating to a “buy” rating and boosted their target price for the company from C$65.00 to C$79.00 in a research report on Monday, February 26th. Pi Financial boosted their target price on shares of CCL Industries from C$74.00 to C$75.00 and gave the company a “buy” rating in a research report on Friday, December 15th. Finally, Royal Bank of Canada boosted their target price on shares of CCL Industries from C$72.00 to C$81.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$78.80.

CCL Industries Company Profile

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.