CCL Industries Inc. Purchases 67,024 Shares of CCL Industries Inc. (TSE:CCL.B) Stock

CCL Industries Inc. (TSE:CCL.B) insider CCL Industries Inc. acquired 67,024 shares of CCL Industries stock in a transaction that occurred on Wednesday, November 27th. The shares were purchased at an average price of C$76.42 per share, for a total transaction of C$5,121,826.63.

CCL Industries Inc. also recently made the following trade(s):

• On Friday, November 29th, CCL Industries Inc. bought 67,024 shares of CCL Industries stock. The shares were acquired at an average cost of C$77.55 per share, for a total transaction of C$5,197,557.04.

CCL Industries Stock Down 0.8 %

Shares of CCL Industries stock opened at C$73.00 on Friday. The company has a debt-to-equity ratio of 48.08, a current ratio of 1.96 and a quick ratio of 1.31. CCL Industries Inc. has a 1-year low of C$55.34 and a 1-year high of C$84.70. The business’s fifty day moving average price is C$77.44 and its two-hundred day moving average price is C$76.56. The company has a market capitalization of C$12.20 billion, a P/E ratio of 19.41, a PEG ratio of 0.26 and a beta of 0.57.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. TD Securities lowered their price objective on shares of CCL Industries from C$98.00 to C$94.00 in a research report on Friday, November 15th. BMO Capital Markets upped their target price on CCL Industries from C$90.00 to C$93.00 in a report on Friday, November 15th. Stifel Nicolaus raised their price target on CCL Industries from C$85.00 to C$90.00 in a report on Monday, November 18th. CIBC upped their price objective on CCL Industries from C$93.00 to C$96.00 in a research note on Monday, November 18th. Finally, Royal Bank of Canada cut their target price on CCL Industries from C$92.00 to C$90.00 in a research note on Friday, November 15th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$90.13.

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.