CCL Industries Inc. (TSE:CCL.B) Director Sells C$814,100.00 in Stock

CCL Industries Inc. (TSE:CCL.B) Director Derek Cumming sold 10,000 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of C$81.41, for a total transaction of C$814,100.00.

CCL Industries Price Performance

CCL.B stock opened at C$81.96 on Friday. The company has a debt-to-equity ratio of 48.08, a quick ratio of 1.31 and a current ratio of 1.96. The firm has a market cap of C$13.69 billion, a P/E ratio of 21.80, a P/E/G ratio of 0.26 and a beta of 0.56. The firm’s fifty day moving average is C$76.72 and its 200 day moving average is C$73.02. CCL Industries Inc. has a 52 week low of C$52.82 and a 52 week high of C$82.96.

Analysts Set New Price Targets

CCL.B has been the subject of several recent analyst reports. BMO Capital Markets boosted their target price on CCL Industries from C$84.00 to C$90.00 in a research report on Thursday, September 12th. TD Securities raised their target price on shares of CCL Industries from C$90.00 to C$92.00 and gave the company a “buy” rating in a research note on Monday, August 12th. CIBC lifted their target price on shares of CCL Industries from C$86.00 to C$88.00 and gave the company an “outperform” rating in a research report on Wednesday, August 14th. Raymond James increased their price target on shares of CCL Industries from C$84.00 to C$87.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. Finally, Scotiabank lifted their price objective on shares of CCL Industries from C$80.00 to C$84.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$85.44.

About CCL Industries

CCL Industries Inc manufactures and sells labels, containers, consumer printable media products, technology driven label solutions, polymer bank note substrates, and specialty films. The company operates through four segments: CCL, Avery, Checkpoint, and Innovia. The CCL segment offers pressure sensitive and specialty extruded film materials for decorative, instructional, functional, and security applications in the consumer packaging, healthcare, chemicals, consumer electronic device, and automotive markets.