Insider Selling: CCL Industries Inc. (TSE:CCL.B) Director Sells C$800,000.00 in Stock

CCL Industries Inc. (TSE:CCL.B) Director Gunther Johann Birkner sold 10,000 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of C$80.00, for a total transaction of C$800,000.00.

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

• On Thursday, August 15th, Gunther Johann Birkner sold 15,000 shares of CCL Industries stock. The stock was sold at an average price of C$75.00, for a total transaction of C$1,125,000.00.

CCL Industries Stock Performance

Shares of TSE:CCL.B opened at C$79.61 on Friday. The firm’s 50 day simple moving average is C$74.40 and its 200 day simple moving average is C$71.87. CCL Industries Inc. has a fifty-two week low of C$52.82 and a fifty-two week high of C$81.38. The company has a market capitalization of C$13.30 billion, a price-to-earnings ratio of 21.17, a P/E/G ratio of 0.26 and a beta of 0.56. The company has a debt-to-equity ratio of 48.08, a current ratio of 1.96 and a quick ratio of 1.31.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Stifel Nicolaus boosted their price objective on shares of CCL Industries from C$79.00 to C$83.00 in a research report on Friday, May 10th. Raymond James 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. Royal Bank of Canada boosted their price objective on CCL Industries from C$81.00 to C$83.00 in a report on Friday, May 10th. CIBC raised their target price on shares of 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. Finally, TD Securities boosted their price target on shares of CCL Industries from C$90.00 to C$92.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$84.78.

About CCL Industries

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.