CCL Industries Inc. (TSE:CCL.B) Insider Buys C$2,531,784.79 in Stock

CCL Industries Inc. (TSE:CCL.B - Get Free Report) insider CCL Industries Inc. purchased 35,354 shares of the business's stock in a transaction on Tuesday, March 25th. The shares were acquired at an average cost of C$71.61 per share, with a total value of C$2,531,784.79.

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

• On Monday, March 17th, CCL Industries Inc. purchased 67,024 shares of CCL Industries stock. The stock was purchased at an average price of C$71.66 per share, with a total value of C$4,803,114.10.
• On Friday, February 28th, CCL Industries Inc. bought 67,024 shares of CCL Industries stock. The stock was acquired at an average cost of C$73.98 per share, with a total value of C$4,958,609.78.

CCL Industries Trading Up 0.7 %

Shares of CCL Industries stock traded up C$0.51 during trading on Tuesday, reaching C$71.05. The company's stock had a trading volume of 38,781 shares, compared to its average volume of 319,861. The company has a quick ratio of 1.31, a current ratio of 1.96 and a debt-to-equity ratio of 48.08. CCL Industries Inc. has a 52-week low of C$64.93 and a 52-week high of C$84.70. The firm's 50-day moving average is C$70.32 and its two-hundred day moving average is C$73.77. The company has a market cap of C$11.87 billion, a price-to-earnings ratio of 18.90, a PEG ratio of 0.26 and a beta of 0.57.

Analyst Ratings Changes

CCL.B has been the subject of several recent analyst reports. CIBC cut their target price on CCL Industries from C$96.00 to C$88.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. TD Securities dropped their price objective on CCL Industries from C$94.00 to C$90.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Finally, Scotiabank raised their price objective on CCL Industries from C$85.00 to C$86.00 in a research note on Friday, February 21st. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and an average target price of C$88.88.

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.