CCL Industries Inc. (TSE:CCL.B) Insider Stuart W. Lang Sells 38,016 Shares

CCL Industries Inc. (TSE:CCL.B) insider Stuart W. Lang sold 38,016 shares of the company’s stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of C$75.69, for a total value of C$2,877,431.04.

Stuart W. Lang also recently made the following trade(s):

• On Monday, May 12th, Stuart W. Lang sold 25,984 shares of CCL Industries stock. The shares were sold at an average price of C$79.80, for a total value of C$2,073,523.20.

CCL Industries Stock Performance

TSE CCL.B opened at C$78.22 on Monday. The stock has a market cap of C$13.07 billion, a PE ratio of 20.80, a P/E/G ratio of 0.26 and a beta of 0.57. The company has a current ratio of 1.96, a quick ratio of 1.31 and a debt-to-equity ratio of 48.08. CCL Industries Inc. has a twelve month low of C$64.93 and a twelve month high of C$84.70. The stock has a fifty day simple moving average of C$70.89 and a 200-day simple moving average of C$73.34.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. CIBC dropped their target price on CCL Industries from C$96.00 to C$88.00 and set an “outperform” rating for the company in a report on Tuesday, April 22nd. BMO Capital Markets upped their target price on CCL Industries from C$90.00 to C$91.00 in a report on Friday, May 9th. Scotiabank upped their target price on CCL Industries from C$85.00 to C$86.00 in a report on Friday, February 21st. Finally, TD Securities increased their price target on CCL Industries from C$90.00 to C$95.00 and gave the stock a “buy” rating in a report on Friday, May 9th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, CCL Industries currently has a consensus rating of “Buy” and a consensus price target 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.