CCL Industries Inc. Purchases 67,024 Shares of CCL Industries Inc. (TSE:CCL.B) Stock

CCL Industries Inc. (TSE:CCL.B) insider CCL Industries Inc. bought 67,024 shares of the stock in a transaction on Tuesday, December 3rd. The shares were acquired at an average cost of C$78.37 per share, for a total transaction of C$5,252,845.14.

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

• On Wednesday, November 27th, CCL Industries Inc. purchased 67,024 shares of CCL Industries stock. The stock was bought at an average price of C$76.42 per share, with a total value of C$5,121,826.63.
• On Friday, November 29th, CCL Industries Inc. acquired 67,024 shares of CCL Industries stock. The shares were bought at an average cost of C$77.55 per share, for a total transaction of C$5,197,557.04.

CCL Industries Stock Performance

CCL Industries stock opened at C$72.12 on Wednesday. CCL Industries Inc. has a fifty-two week low of C$55.34 and a fifty-two week high of C$84.70. 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 stock has a market cap of C$12.05 billion, a P/E ratio of 19.18, a price-to-earnings-growth ratio of 0.26 and a beta of 0.57. The firm’s fifty day moving average price is C$77.21 and its 200-day moving average price is C$76.55.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CCL.B. CIBC lifted their target price on CCL Industries from C$93.00 to C$96.00 in a report on Monday, November 18th. TD Securities decreased their target price on shares of CCL Industries from C$98.00 to C$94.00 in a report on Friday, November 15th. Stifel Nicolaus raised their price target on shares of CCL Industries from C$85.00 to C$90.00 in a report on Monday, November 18th. BMO Capital Markets boosted their price target on shares of CCL Industries from C$90.00 to C$93.00 in a research report on Friday, November 15th. Finally, Royal Bank of Canada lowered their price objective on CCL Industries from C$92.00 to C$90.00 in a research report on Friday, November 15th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$90.13.

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.