CCL Industries Inc. Acquires 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 Tuesday, December 3rd. The shares were bought at an average price of C$78.37 per share, with a total value of C$5,252,845.14.

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

• On Wednesday, November 27th, CCL Industries Inc. bought 67,024 shares of CCL Industries stock. The stock was bought at an average cost of C$76.42 per share, for a total transaction of C$5,121,826.63.
• On Friday, November 29th, CCL Industries Inc. purchased 67,024 shares of CCL Industries stock. The shares were purchased at an average cost of C$77.55 per share, with a total value of C$5,197,557.04.

CCL Industries Stock Performance

Shares of TSE CCL.B opened at C$71.46 on Tuesday. CCL Industries Inc. has a 1 year low of C$55.34 and a 1 year high of C$84.70. The firm has a market cap of C$11.94 billion, a P/E ratio of 19.01, a PEG ratio of 0.26 and a beta of 0.57. The stock has a fifty day moving average price of C$77.44 and a two-hundred day moving average price of C$76.59. The company has a debt-to-equity ratio of 48.08, a quick ratio of 1.31 and a current ratio of 1.96.

Analyst Ratings Changes

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

About CCL Industries

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.