CCL Industries Inc. (TSE:CCL.B) Insider Purchases C$4,958,609.78 in Stock

CCL Industries Inc. (TSE:CCL.B) insider CCL Industries Inc. purchased 67,024 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The shares were purchased at an average cost of C$73.98 per share, with a total value of C$4,958,609.78.

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

• On Tuesday, December 3rd, CCL Industries Inc. acquired 67,024 shares of CCL Industries stock. The stock was purchased at an average cost of C$78.37 per share, for a total transaction of C$5,252,845.14.

CCL Industries Stock Performance

Shares of CCL Industries stock opened at C$71.51 on Thursday. The company has a current ratio of 1.96, a quick ratio of 1.31 and a debt-to-equity ratio of 48.08. The stock’s fifty day moving average price is C$72.40 and its 200-day moving average price is C$76.49. The firm has a market cap of C$11.95 billion, a P/E ratio of 19.02, a P/E/G ratio of 0.26 and a beta of 0.57. CCL Industries Inc. has a 12 month low of C$66.96 and a 12 month high of C$84.70.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CCL.B. TD Securities reduced their price target on CCL Industries from C$98.00 to C$94.00 in a report on Friday, November 15th. Stifel Nicolaus upped their price objective on CCL Industries from C$85.00 to C$90.00 in a research report on Monday, November 18th. BMO Capital Markets lifted their target price on CCL Industries from C$90.00 to C$93.00 in a research report on Friday, November 15th. CIBC cut their price target on shares of CCL Industries from C$97.00 to C$96.00 and set an “outperform” rating on the stock in a report on Tuesday, February 25th. Finally, Scotiabank lifted their price objective on shares of CCL Industries from C$85.00 to C$86.00 in a report on Friday, February 21st. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$90.38.

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.