Insider Selling: CCL Industries Inc. (TSE:CCL.B) Director Sells 15,000 Shares of Stock

CCL Industries Inc. (TSE:CCL.B) Director Gunther Johann Birkner sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of C$77.00, for a total value of C$1,155,000.00.

CCL Industries Stock Up 1.0 %

CCL.B stock opened at C$78.05 on Friday. The business’s 50-day simple moving average is C$70.41 and its 200 day simple moving average is C$73.60. The company has a quick ratio of 1.31, a current ratio of 1.96 and a debt-to-equity ratio of 48.08. The company has a market cap of C$13.04 billion, a PE ratio of 20.76, 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$64.93 and a twelve month high of C$84.70.

Analyst Ratings Changes

Several research analysts have recently commented on CCL.B shares. Scotiabank increased their price target on shares of CCL Industries from C$85.00 to C$86.00 in a research note on Friday, February 21st. CIBC decreased their price target on CCL Industries from C$96.00 to C$88.00 and set an “outperform” rating for the company in a research note on Tuesday, April 22nd. TD Securities boosted their target price on CCL Industries from C$90.00 to C$95.00 and gave the stock a “buy” rating in a report on Friday. Finally, BMO Capital Markets increased their price target on CCL Industries from C$90.00 to C$91.00 in a report on Friday. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, CCL Industries currently has an average rating of “Buy” and a consensus target price of C$89.25.

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.