CCL Industries Inc. (TSE:CCL.B) Director Sells C$1,899,700.00 in Stock

CCL Industries Inc. (TSE:CCL.B - Get Free Report) Director Ben Yaacob Lilienthal sold 24,200 shares of the firm's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of C$78.50, for a total value of C$1,899,700.00.

CCL Industries Stock Down 1.5%

TSE:CCL.B traded down C$1.18 during midday trading on Wednesday, reaching C$77.35. 36,840 shares of the stock traded hands, compared to its average volume of 316,710. The stock has a market capitalization of C$12.92 billion, a PE ratio of 20.57, a price-to-earnings-growth ratio of 0.26 and a beta of 0.57. CCL Industries Inc. has a 12-month low of C$64.93 and a 12-month 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 business has a 50-day moving average of C$75.64 and a two-hundred day moving average of C$73.20.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CCL.B shares. 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 note on Tuesday, April 22nd. TD Securities lifted their price target on shares of CCL Industries from C$90.00 to C$95.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Finally, BMO Capital Markets boosted their price target on shares of CCL Industries from C$90.00 to C$91.00 in a report on Friday, May 9th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, CCL Industries has an average rating of "Buy" and a consensus price target 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.

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