CCL Industries Inc. (TSE:CCL.B) Insider Buys C$16,705,718.00 in Stock

CCL Industries Inc. (TSE:CCL.B) insider CCL Industries Inc. purchased 230,500 shares of CCL Industries stock in a transaction on Thursday, June 27th. The stock was bought at an average price of C$72.48 per share, for a total transaction of C$16,705,718.00.

CCL Industries Stock Down 2.4 %

Shares of CCL.B opened at C$72.33 on Friday. The company has a quick ratio of 1.31, a current ratio of 1.95 and a debt-to-equity ratio of 48.74. The business has a fifty day moving average of C$72.05 and a 200 day moving average of C$68.65. The company has a market cap of C$12.12 billion, a PE ratio of 23.41, a P/E/G ratio of 0.26 and a beta of 0.53. CCL Industries Inc. has a 52-week low of C$52.82 and a 52-week high of C$75.53.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CCL.B. Raymond James raised their price objective on CCL Industries from C$80.00 to C$84.00 and gave the company an “outperform” rating in a research report on Tuesday, June 11th. TD Securities lifted their price objective on CCL Industries from C$84.00 to C$90.00 in a research note on Friday, May 10th. BMO Capital Markets increased their target price on CCL Industries from C$81.00 to C$83.00 in a research report on Friday, May 10th. Royal Bank of Canada boosted their price target on shares of CCL Industries from C$81.00 to C$83.00 in a research report on Friday, May 10th. Finally, Scotiabank increased their price objective on shares of CCL Industries from C$79.00 to C$80.00 in a research report on Friday, May 10th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, CCL Industries has an average rating of “Buy” and a consensus price target of C$82.20.

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.