Insider Selling: CCL Industries Inc. (TSE:CCL.B) Director Sells C$1,125,000.00 in Stock

CCL Industries Inc. (TSE:CCL.B) Director Gunther Johann Birkner sold 15,000 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of C$75.00, for a total value of C$1,125,000.00.

Gunther Johann Birkner also recently made the following trade(s):

• On Thursday, June 6th, Gunther Johann Birkner sold 20,000 shares of CCL Industries stock. The stock was sold at an average price of C$71.69, for a total value of C$1,433,800.00.

CCL Industries Price Performance

CCL.B stock opened at C$78.19 on Monday. The company has a current ratio of 1.96, a quick ratio of 1.31 and a debt-to-equity ratio of 48.08. The company has a market capitalization of C$13.06 billion, a PE ratio of 20.80, a P/E/G ratio of 0.26 and a beta of 0.56. CCL Industries Inc. has a 12-month low of C$52.82 and a 12-month high of C$79.06. The business’s fifty day moving average price is C$72.68 and its 200 day moving average price is C$69.94.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CCL.B. Stifel Nicolaus boosted their price objective on CCL Industries from C$79.00 to C$83.00 in a research note on Friday, May 10th. Raymond James boosted their price objective on CCL Industries from C$84.00 to C$87.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. CIBC upped their price target on CCL Industries from C$86.00 to C$88.00 and gave the company an “outperform” rating in a research note on Wednesday, August 14th. BMO Capital Markets upped their price target on CCL Industries from C$83.00 to C$84.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. Finally, National Bankshares upped their price target on CCL Industries from C$84.00 to C$87.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$84.78.

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.