Stuart W. Lang Sells 25,984 Shares of CCL Industries Inc. (TSE:CCL.B) Stock

CCL Industries Inc. (TSE:CCL.B) insider Stuart W. Lang sold 25,984 shares of the business’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of C$79.80, for a total value of C$2,073,523.20.

CCL Industries Stock Performance

CCL.B stock traded down C$0.94 during trading on Tuesday, hitting C$77.46. 16,921 shares of the company traded hands, compared to its average volume of 322,331. 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$64.93 and a 1 year high of C$84.70. The stock’s 50-day simple moving average is C$70.55 and its 200 day simple moving average is C$73.51. The company has a market cap of C$12.94 billion, a PE ratio of 20.60, a P/E/G ratio of 0.26 and a beta of 0.57.

Analysts Set New Price Targets

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

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.