Insider Buying: CCL Industries Inc. (TSE:CCL.B) Insider Buys 13,300 Shares of Stock

CCL Industries Inc. (TSE:CCL.B) insider CCL Industries Inc. bought 13,300 shares of the business’s stock in a transaction on Friday, May 30th. The stock was acquired at an average cost of C$79.97 per share, for a total transaction of C$1,063,555.78.

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

• On Monday, March 17th, CCL Industries Inc. bought 67,024 shares of CCL Industries stock. The stock was acquired at an average cost of C$71.66 per share, for a total transaction of C$4,803,114.10.
• On Tuesday, March 25th, CCL Industries Inc. purchased 35,354 shares of CCL Industries stock. The shares were acquired at an average cost of C$71.61 per share, for a total transaction of C$2,531,784.79.

CCL Industries Price Performance

Shares of TSE:CCL.B opened at C$78.15 on Friday. CCL Industries Inc. has a 12 month low of C$64.93 and a 12 month high of C$84.70. The stock has a market cap of C$13.06 billion, a price-to-earnings ratio of 20.78, a PEG ratio of 0.26 and a beta of 0.57. The stock’s 50 day moving average price is C$73.20 and its 200 day moving average price is C$73.18. The company has a debt-to-equity ratio of 48.08, a current ratio of 1.96 and a quick ratio of 1.31.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CCL.B shares. Scotiabank lifted their price target on CCL Industries from C$85.00 to C$86.00 in a report on Friday, February 21st. CIBC cut their price target on CCL Industries from C$96.00 to C$88.00 and set an “outperform” rating on the stock in a report on Tuesday, April 22nd. BMO Capital Markets lifted their price target on CCL Industries from C$90.00 to C$91.00 in a report on Friday, May 9th. Finally, TD Securities lifted their price target on CCL Industries from C$90.00 to C$95.00 and gave the company a “buy” rating in a report on Friday, May 9th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company 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.