Derek Cumming Sells 3,200 Shares of CCL Industries Inc. (TSE:CCL.B) Stock

CCL Industries Inc. (TSE:CCL.B) Director Derek Cumming sold 3,200 shares of the business’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of C$70.80, for a total transaction of C$226,560.00.

Derek Cumming also recently made the following trade(s):

• On Wednesday, February 28th, Derek Cumming sold 700 shares of CCL Industries stock. The stock was sold at an average price of C$69.51, for a total value of C$48,653.50.

CCL Industries Price Performance

Shares of TSE:CCL.B opened at C$69.49 on Thursday. The company’s fifty day moving average is C$64.18 and its 200 day moving average is C$59.62. The company has a quick ratio of 1.31, a current ratio of 1.89 and a debt-to-equity ratio of 49.37. CCL Industries Inc. has a 52 week low of C$52.82 and a 52 week high of C$74.49. The stock has a market cap of C$11.53 billion, a PE ratio of 23.56, a PEG ratio of 0.26 and a beta of 0.55.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CCL.B. Scotiabank lifted their price target on CCL Industries from C$72.00 to C$79.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. BMO Capital Markets upped their price target on shares of CCL Industries from C$76.00 to C$81.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Pi Financial lifted their price target on shares of CCL Industries from C$74.00 to C$75.00 and gave the stock a “buy” rating in a report on Friday, December 15th. Stifel Nicolaus upgraded CCL Industries from a “hold” rating to a “buy” rating and increased their price objective for the company from C$65.00 to C$79.00 in a report on Monday, February 26th. Finally, CIBC lifted their target price on CCL Industries from C$72.00 to C$82.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Nine investment 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$78.80.

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.