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 stock in a transaction on Wednesday, May 14th. The stock was 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 stock was sold at an average price of C$79.80, for a total value of C$2,073,523.20.

CCL Industries Trading Up 1.2%

Shares of CCL.B opened at C$78.22 on Tuesday. 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 firm has a market capitalization of C$13.07 billion, a P/E ratio of 20.80, a price-to-earnings-growth ratio of 0.26 and a beta of 0.57. The stock’s fifty day simple moving average is C$71.03 and its 200 day simple moving average is C$73.30. CCL Industries Inc. has a twelve month low of C$64.93 and a twelve month high of C$84.70.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. BMO Capital Markets increased their price target on CCL Industries from C$90.00 to C$91.00 in a research note on Friday, May 9th. TD Securities increased their target price on CCL Industries from C$90.00 to C$95.00 and gave the stock a “buy” rating in a research report on Friday, May 9th. Scotiabank increased their target price on CCL Industries from C$85.00 to C$86.00 in a research report on Friday, February 21st. Finally, CIBC cut their target price on CCL Industries from C$96.00 to C$88.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 22nd. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, CCL Industries currently has an average rating of “Buy” and an average target price of C$89.25.

About CCL Industries

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.