Insider Selling: CCL Industries Inc. (TSE:CCL.B) Director Sells C$273,889.70 in Stock

CCL Industries Inc. (TSE:CCL.B) Director Derek Cumming sold 3,500 shares of CCL Industries stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of C$78.25, for a total transaction of C$273,889.70.

Derek Cumming also recently made the following trade(s):

• On Monday, September 23rd, Derek Cumming sold 10,000 shares of CCL Industries stock. The stock was sold at an average price of C$81.41, for a total transaction of C$814,100.00.

CCL Industries Trading Up 0.5 %

TSE:CCL.B opened at C$74.71 on Friday. The company has a market cap of C$12.48 billion, a P/E ratio of 19.87, a price-to-earnings-growth ratio of 0.26 and a beta of 0.57. CCL Industries Inc. has a twelve month low of C$55.34 and a twelve month high of C$84.70. The business has a 50 day moving average price of C$79.65 and a two-hundred day moving average price of C$76.23. The company has a quick ratio of 1.31, a current ratio of 1.96 and a debt-to-equity ratio of 48.08.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on CCL.B shares. BMO Capital Markets upped their price objective on shares of CCL Industries from C$90.00 to C$93.00 in a research report on Friday, November 15th. Royal Bank of Canada dropped their price target on CCL Industries from C$92.00 to C$90.00 in a research report on Friday, November 15th. Stifel Nicolaus boosted their price objective on CCL Industries from C$85.00 to C$90.00 in a research report on Monday, November 18th. TD Securities dropped their target price on shares of CCL Industries from C$98.00 to C$94.00 in a report on Friday, November 15th. Finally, CIBC upped their price target on shares of CCL Industries from C$93.00 to C$96.00 in a report on Monday, November 18th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, CCL Industries has an average rating of “Buy” and a consensus price target of C$88.44.

CCL Industries Company Profile

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.