Jamil Suleman Sells 200 Shares of CCL Industries Inc. (TSE:CCL.B) Stock

CCL Industries Inc. (TSE:CCL.B) Senior Officer Jamil Suleman sold 200 shares of CCL Industries stock in a transaction dated Monday, September 30th. The shares were sold at an average price of C$82.03, for a total transaction of C$16,406.00. Following the sale, the insider now directly owns 200 shares in the company, valued at approximately C$16,406.

CCL Industries Stock Down 1.5 %

Shares of CCL Industries stock opened at C$81.24 on Wednesday. The company has a debt-to-equity ratio of 48.08, a quick ratio of 1.31 and a current ratio of 1.96. The stock has a market capitalization of C$13.57 billion, a PE ratio of 21.61, a price-to-earnings-growth ratio of 0.26 and a beta of 0.56. CCL Industries Inc. has a 52-week low of C$52.82 and a 52-week high of C$82.96. The company has a 50-day simple moving average of C$77.06 and a two-hundred day simple moving average of C$73.14.

Wall Street Analysts Forecast Growth

CCL.B has been the topic of a number of research reports. Scotiabank lifted their target price on shares of CCL Industries from C$80.00 to C$84.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. BMO Capital Markets lifted their price target on shares of CCL Industries from C$84.00 to C$90.00 in a research report on Thursday, September 12th. Raymond James lifted their price target on shares of CCL Industries from C$84.00 to C$87.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. National Bankshares lifted their price target on shares of CCL Industries from C$84.00 to C$87.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. Finally, CIBC lifted their price target on shares of CCL Industries from C$86.00 to C$88.00 and gave the company an “outperform” rating in a research report on Wednesday, August 14th. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$85.44.

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.